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Asia's Tech News in May 2024
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Cyber attacks in Asia-Pacific in Q1 2024

Q1 2024: Hong Kong

Hong Kong’s technology news in the first quarter of 2024 covered a range of advancements and challenges, compounded by the mainland government’s increasing management of all things technology-related in the city.

Items included, for instance: Hong Kong cryptocurrency trading as a Chinese mainland sandbox for testing; Hang Seng Bank’s $4.2 billion fund aimed at cross-border SME development; RISC-V semiconductor chip developments set for Hong Kong; the increasing scale of virtual and digital asset-related crime in Hong Kong; and more.

In March 2024  |  In February 2024  |  In January 2024

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China - Economics and Party goals

MERICS: Aligning economic actors with China’s strategic goals

Hong Kong Tech: March 2024

  • Hong Kong: BlockShow x BlockDown Asia 2024 conference set for May 8-9, looking at all things Web3 / read it here
  • Hong Kong: Gov’t to allocate US$383M to Cyberport business park in 3-year AI subsidy scheme in bid to push universities, research institutes and businesses to use AI Supercomputing Centre / read it here
  • ‘While mainland China bans all forms of crypto trading, the gov’t leaves the option open in Hong Kong… as a sandbox for Beijing to toy with web3 without potentially incurring financial volatility for the rest of the country.’ / read it here
  • Hong Kong: Gov’t unveils Project Ensemble initiative to test functionality of a wholesale central bank digital currency and tokenization of private bank deposits / read it here
  • Hong Kong Science & Tech Parks Corp unveils 74 global startups for biggest iteration of Elevator Pitch Comp 2024, drawn from semi-finals in HK, Silicon Valley, Stuttgart and Singapore / read it here
  • Hong Kong: An overview of the upcoming BlockShow X BlockDown Asia 2024 event, and the Cointelegraph Accelerator Startup Connect element connecting Web3 and crypto startups with leading VCs / read it here
  • Hong Kong Monetary Authority rolls out Phase 2 of e-HKD Pilot Program, opening applications for proposals on potential use cases of a digital HK dollar / read it here
  • Animoca Brands invests in UAE’s Eesee, web3 company allowing users to place small bids on high-value assets like cryptocurrencies, NFTs and tangible assets / read it here
  • Hong Kong: Hang Seng Bank launches $4.2BN SME Power Up Fund to boost small business development, including cross-border opportunities in China’s Greater Bay Area / read it here
  • Hong Kong: HSBC now allows retail investors in Hong Kong to purchase real gold using digital ledger-based digital tokens / read it here
  • China’s UBTech Robotics Corp stock price more than tripled in 2 days following the firm’s entry to the Hong Kong stock connect program, allowing mainland China investors to purchase its shares / read it here
  • China’s Starfive Technology chip design firm to open R&D center in Hong Kong, focusing on the company’s RISC-V chips and alongside partnership looking at data center-focused chips / read it here
WEF Industrial Metaverse

Navigating the Industrial Metaverse: A Blueprint for Future Innovations

: HK Tech news: Feb 2024

Stablecoins and de-dollarization

Stablecoins – a potential counter to de-dollarization?

Hong Kong Tech, Jan 2024

Digital assets 2023-2024

KPMG: Virtual Assets 2023 Review and 2024 Outlook

Asian tech news: Other platforms

Critical technologies in May 2024

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