HK mulling incentives for angel investors

Hong Kong will consider offering more incentives to attract global angel investors, Financial Secretary Paul Chan Mo-po said in a personal blog.

“The Hong Kong government has been changing laws to make it easier for these companies to come to Hong Kong. The government will also consider offering more tax and other incentives to attract overseas angel investors to set up here,” Chan added, without giving more details, according to SCMP.

He wrote the blog after a visit to Silicon Valley and Seattle last week. “The trip showed Silicon Valley was also aware of Hong Kong’s efforts to promote start-ups and opportunities in the Greater Bay Area. As of the end of last year, Hong Kong had 2,600 start-ups, eight of them reaching unicorn valuations,” Chan said.