Hong Kong ITC rolls out several funding schemes to help businesses

Help for manufacturers to become smart and businesses develop distance policies during pandemic. The Hong Kong Innovation and Technology Commission (ITC) has launched the Re-industrialisation Funding Scheme to subsidise manufacturers to set up new smart production lines in Hong Kong to develop and promote re-industrialisation in Hong Kong. The Government’s…

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Digital Transformation in Hong Kong’s insurance sector will shape hiring trends

Financial services and insurance are still seeking critical hires to supplement their activities and digital transformation. The events of 2020 have directly impacted the permanent hiring market in Hong Kong as businesses reevaluate their financial resources and focus on curbing their spend. However, businesses in buoyant sectors like the financial…

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US tech giants face hard choices under Hong Kong’s new security law

Companies are now in the cross hairs of a national security law that gives China authority to demand that they turn over user data. By Brenda Goh and Pei Li SHANGHAI/HONG KONG (Reuters) – U.S. tech giants face a reckoning over how Hong Kong’s security law will reshape their businesses,…

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In Hong Kong national security law, echoes of China’s own cyber crackdown

Will Hong Kong have a firewall, similar to that of China? By Cate Cadell BEIJING (Reuters) – Hong Kong’s new National Security Law will shake up digital surveillance in the city, with strict new company compliance measures that echo the mainland’s years-long crackdown on anti-government content. Foreign tech companies have…

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Hong Kong Govt. spends HK$1B to support IT adoption in businesses

Funding will support enterprises looking at remote working to continue their business and services during the epidemic. The Technology and Innovation committee of Hong Kong the Government, under the Anti-epidemic Fund has allocated an additional provision of $1 billion to the Distance Business Programme, to help support enterprises adopt IT…

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Hong Kong helps local businesses with tech adoption

Relaxation of technology programme to is to facilitate early adoption of tech. Hong Kong’s Innovation and Technology Commission has relaxed the requirements for the Government’s Technology Voucher Programme (TVP). The aim of the relaxation is to facilitate a business applicants’ early adoption of relevant technological services or solutions for improving…

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Hong Kong’s smart city goals needs technology

Effective governance, smart infrastructure and technology can be used to address infrastructure issues in Hong Kong Continued development of Hong Kong’s technology infrastructure is a critical factor for it to become a smart city by 2030. According to the recent Future Hong Kong 2030 survey report by KPMG China in cooperation…

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