HKSTP Marks 25th Anniversary with White Paper Confirming Hong Kong Tops Asian Tech Ranking
Thestandard · 1 SOURCESabout 2 hours ago2 MIN
Summary
The Hong Kong Science and Technology Parks Corporation (HKSTP) has released a white paper confirming Hong Kong's position as Asia's leading technology hub, ranking first in the region and fifth globally for tech enterprise growth momentum . Unveiled as HKSTP begins its 25th anniversary celebrations, the report awards Hong Kong a Mosaic Score of 370 on the proprietary CB Insights metric evaluating private companies across momentum, financing, market opportunity, and leadership . The milestone highlights Hong Kong's transition from a financial centre to an innovation powerhouse.
Key Points
- Hong Kong ranks first in Asia and fifth globally for tech enterprise growth with a Mosaic Score of 370, according to the CB Insights white paper Inside Asia's Fast-Track to Global Tech Scale
- HKSTP, celebrating its 25th anniversary under the theme Together to NEXT, manages over 240 hectares of I&T land across the Science Park, InnoCentre, three Innovation Parks, and its Shenzhen branch
- HKSTP chairman Cordelia Chung emphasized the corporation's role as an engine for turning innovation into a cornerstone of Hong Kong's economic development
- Chief executive Terry Wong Ping-sau said HKSTP supports enterprises in fundraising and strengthening investor networks to pave the way for initial public offerings
- Hong Kong has five of the world's top 100 universities with world-class research capabilities, attracting overseas companies to establish R&D centres in the city
- Physical AI, robotics, and AI infrastructure dominate Asian funding pipelines, with robotics and AI infrastructure attracting US$26.1 billion in 2025
Why It Matters
The white paper signals a shift in Hong Kong's economic identity as the region emerges as a global technology powerhouse beyond its traditional financial role . With five world-class universities and robust infrastructure, Hong Kong is positioned to attract further overseas R&D investments and IPO candidates seeking capital market access .
The white paper signals a shift in Hong Kong's economic identity as the region emerges as a global technology powerhouse beyond its traditional financial role . With five world-class universities and robust infrastructure, Hong Kong is positioned to attract further overseas R&D investments and IPO candidates seeking capital market access .