Women are indispensable to Hong Kong’s future growth; closing the wage gap, while providing more support at home, can pave their re-entry to the workforce.
More companies are collaborating to explore how the technology can make operations more efficient, which could form the building blocks of the next-generation internet. Just as the internet allows information and innovations to be shared across borders, the world will benefit most from having an open metaverse.
The success of the government’s green bond scheme provides plenty of scope for investing in groundbreaking energy projects and pursuing ambitious climate policy. Yet, our leaders can’t seem to think bigger than a few low-carbon buildings and waste management fees.
The new Hong Kong administration should build on the city’s strengths to enable business partnerships and cultural and educational exchange that connect Hong Kong and mainland China with Japan and South Korea.
Increasing supply chain resilience in Asia can help blunt the worst effects of climate change, improve biodiversity and closed loop thinking, and even help eradicate the scourge of modern slavery.
After its mishandling of Omicron, Hong Kong needs a program of damage control to regain investor confidence and bring stability back to residents’ lives. That means building economic resilience, strengthening networks for trade and talent, and putting substance behind claims of being a world city.
The metaverse is rich with opportunities for digital design and trade, while Asia already boasts high numbers of users and creators. As an innovation hub and key player in the Greater Bay Area, Hong Kong can lead the regional development of a tech-enabled creator economy.
With an abundance of capital and talent, Asia’s growing tech hubs are luring investors away from Silicon Valley. Start-ups seeking to solve global issues such as climate change, ageing-related illnesses and supply-chain bottlenecks will offer solid opportunities.
The interconnectedness that global cities once prized risks being eroded and dismantled as Covid-19 lingers and new variants emerge. Success will depend on cities’ ability to balance openness with health protection, growth with better livelihoods, and diversity with local character that fosters a sense of belonging.
Technology has changed the game, making it easier to acquire and improve language and communication skills. An international business hub like Hong Kong, where languages are critical for deal-making, must leverage technology to promote learning.
