Hong Kong Builds 'Patient Capital' Ecosystem To Foster Technology

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Hong Kong Builds 'Patient Capital' Ecosystem To Foster Technology - Benzinga

Quick Summary:

As a global financial and commercial hub, Hong Kong has been transforming itself into a technology-driven innovation center in recent years, in line with Mainland China’s policy of cultivating “new productive forces” and creating a new driving force for development led by technology.

Hong Kong’s financial markets have always been a rich source of direct financing for the Mainland’s technology companies, attracting global patient capital to participate in such investment while promoting international exchange and cooperation.

Through its steady accumulation of capital and introduction of talent focused on key industries, an ecosystem of “patient capital” is rapidly taking shape.“Patient capital” refers to capital that has a longer-term outlook on returns and a higher tolerance for risk.