Hong Kong to be global hub for ‘patient capital’ by nurturing tech start-ups: Paul Chan
South China Morning Post - TechThursday, May 22, 2025 at 9:00:23 AM
Hong Kong’s finance chief, Paul Chan, is pitching the city as a future hotspot for "patient capital"—long-term investments aimed at nurturing tech startups. The plan involves backing these companies with strategic partnerships and sustained funding, positioning Hong Kong as a global player in innovation.
Editor’s Note: This isn’t just about throwing money at startups—it’s a bet on Hong Kong’s ability to reinvent itself as a tech hub. With competition fierce from places like Singapore and Shenzhen, the city’s push for "patient capital" could attract entrepreneurs who need time to grow, not just quick cash. If it works, it might help Hong Kong stay relevant in a fast-changing global economy. If not, it’s another ambitious plan that fizzles. Either way, it’s a sign the city’s looking beyond finance and real estate for its next act.
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