Millennials should embrace Hong Kong as ‘a base to develop businesses in China and elsewhere,’ says Towngas director
The government should facilitate the city’s development as a hub to launch innovative companies, says Towngas Managing Director Alfred Chan Wing-kin
Hong Kong is still a great place to launch new businesses and young people with innovative ideas should take advantage of the city’s talent pool and proximity to the mainland market and vast resources.
That’s the view of Alfred Chan Wing-kin, managing director of Hong Kong and China Gas (Towngas), Hong Kong’s oldest utility company, which has taken exactly that approach to maintain long term growth despite already having a dominant position in the city’s mature energy gas market.
“Hong Kong is still a city of good fortune with good rule of law and corporate governance despite its small domestic market,” he told the South China Morning Post. “It has a big talent pool of quality graduates and the unique advantage of being connected to both China and the world, where it has established business networks and market knowledge.”
“The government can be a facilitator for young people to use Hong Kong as a base to develop businesses in China and elsewhere.”
Although Hong Kong is not well-known for original and scientific innovations and was ranked 29th globally by United States-based think tank Information Technology and Innovation Foundation – behind other advanced Asia-Pacific economies but ahead of the mainland – on having policies conducive to innovation, Chan said the city’s people have shown their talent.
