“Our efforts have received high acclaim internationally. Hong Kong rose from the eighth to fifth in the digital competitiveness ranking as announced by the Institute for Management Development in December 2020. Moreover, the Digital Intelligence Index report jointly released by Mastercard and the Fletcher School at Tufts University of the United States found that Hong Kong together with Korea and 11 other economies are the 13 ‘stand-out’ markets which are considered leaders in driving innovation,” Mr Sit said.
Citing Hong Kong as one of the most dynamic start-up ecosystems in Asia, Mr Sit said that in six years’ time the number of start-ups in Hong Kong has tripled to around 3 400 in 2020 with 11 unicorns having emerged and a quarter of the start-up founders in Hong Kong having their country of origin outside Hong Kong. “This international profile tells that Hong Kong not only provides prospects but also welcomes tech start-ups irrespective of their country of origin to develop and flourish in Hong Kong,” he pointed out.
