Taking the top spot in the 2025 Global Innovation Index shows the power of Hong Kong joining forces with the rest of the Greater Bay Area
Hong Kong officials have long aspired to turn the city into a global hi-tech hub. Now we have arrived as part of a highly innovative cluster of leading cities. That is thanks to the synergy turbocharged by Shenzhen’s technological innovation, Guangzhou’s manufacturing prowess and Hong Kong’s deep financial resources. The index has added a new ranking metric for venture capital in which Hong Kong excels. That means tracking not only science and technology, but also entrepreneurship and new products and services being turned out.
People always need capital to turn great ideas into real-world enterprises. Hong Kong has the perfect financial ecosystem, with its deep liquidity, diverse financing channels and a supportive government guaranteeing a robust regulatory environment.
Besides traditional lenders, the channels for pairing aspiring businesses with angel investors, venture capital and private equity funds are available at every stage of growth. By the end of 2023, government figures showed “intellectual property-intensive industries” contributed about a third of Hong Kong’s GDP.
