In a more competitive world with multiple economic hubs, the once-dominant influence of East-West superconnectors is waning. Hong Kong must capitalise on the Greater Bay Area, Belt and Road Initiative and focus on ‘sweet spot’ sectors where China and other regions seek better cooperation.
Hong Kong’s unique political system can serve as a case study for those studying policy in institutions around the world.
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.
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.
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.
Legco’s approval of the waste charging bill comes with a request for a delay in implementation that makes little sense. The success of the recycling schemes in Taipei and Seoul underline the role civil society can play in building trust and community buy-in.
Hong Kong has managed the logistics of holding a major international art fair, book fair and industry conferences during the pandemic without seeing outbreaks. Holding one or two premier events with visitors from low-risk locations will boost confidence and cement Hong Kong’s status as a hub for safe meetings.
There is a growing trend of family investors supporting local entrepreneurs and giving back to society. For family offices that are equipped with the right know-how, impact investing can promote the kind of social mobility that is increasingly rare in this city.
Opportunities to participate in global governance and diplomacy will broaden young people’s horizons and deepen their understanding of China and the world.