Hong Kong Information and Communications Technology (ICT) Industry
Hong Kong’s ICT sector together with that of Shenzhen – the Shenzhen-Hong Kong technology cluster – ranked the world’s second largest based on the Global Innovation Index 2019.  Hong Kong is also a new entrant in the world’s top 25 startup hubs in the 2019 Global Startup Ecosystem Report.

Robust ICT Hardware and Software Infrastructure

Hong Kong has eleven submarine cable systems, overland cable systems connected to four telecommunications operators in the Mainland, and operates twelve satellites for external communications.

Our fully liberalised regime enables the development of a vibrant market of international and local Internet service providers, making Hong Kong an Internet hub.

·         Our broadband networks cover nearly all commercial and residential buildings in the territory.

·         Our household broadband penetration rate is 93.2%.

·         Our mobile penetration rate of 283.0% is among the highest in the world.

·         Number of mobile users capable of gaining access to mobile data services (2.5G/3G/4G) stands at 23.0 million, with mobile data usage amounting to 2 972 Megabytes per user.

Hong Kong has a pool of agile, skilled and multi-lingual ICT professionals. As at 2018, there are around 95 780 ICT professionals engaged in various business sectors, around 32% of them are involved in software design and development. Our tertiary institutions produce over 2 300 ICT graduates every year.


Pro-Business Environment for ICT Companies and Government’s Strong Support for R&D

Apart from being a leading financial centre, international logistics hub, tourism destination as well as producer and professional services center, Hong Kong is also the Asia’s CBD serving as an operational base for over 9,000 overseas and Mainland China companies.

Hong Kong’s ICT industry has a key role in supporting the city’s major industries and business growth.  Companies in the pillar industries of HK are actively pursuing digital transformation, using Hong Kong as the hub to address the Greater China and North Asia market opportunities.  Many of the world’s leading software services companies locate their regional operations in the city to mirror their client’s preferences.

The Hong Kong Government is committed to promoting R&D in Hong Kong. Over the past two and a half years, the Government has committed over HK$100 billion to build and enhance the local innovation and technology ecosystem - the Government offers a wide range of financial support and institutional support for enterprises to pursue their R&D projects in Hong Kong.

Major research focus of Hong Kong start-ups includes information and communication technologies (ICT), software as a service (SaaS), Internet of things (IoT), data analytics, biotech, artificial intelligence (AI), robotics, virtual reality (VR) and augmented reality (AR), as well as new material. In terms of applications, fintech (financial technology), smart city and smart home, healthcare and big data applications are among the most popular sectors.

 

Vibrant Startup Ecosystem

Recent years see the burgeoning of tech startups. The Hong Kong Science & Technology Parks and Cyberport, implement incubation programmes providing all-rounded assistance to startups, ranging from accommodation, promotion, mentorship to pitching opportunities. There are over 90 private-sector co-working spaces, incubators and accelerators supporting over 3 100 startups in Hong Kong.

Hong Kong’s tech startups are making great strides. While some of them have taken root in the local market, some have successfully ventured out to overseas markets. Many startups have secured funding from local and overseas investors.

Invest Hong Kong is dedicated to promoting the Hong Kong Startup and Fintech eco-system and organize annual flagship events like StartmeupHK Festival and FinTech Week.

 

About Invest Hong Kong

InvestHK is the foreign direct investment promotion arm of the Hong Kong Government. Our mission is to attract and retain foreign direct investment, which is of strategic importance to the economic development of Hong Kong.

We work with overseas and Mainland entrepreneurs, SMEs and multinationals that wish to set up an office – or expand their existing business – in Hong Kong.  Our services are free and tailor-made for each overseas investor.

 

Contact Us:

Melvin Lee
Head, Investment Promotion
Invest Hong Kong

Tel       :           +65 6330 9338
Email   :           melvin_lee@hketosin.gov.hk

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