The Aporia
The Hong Kong Electronic Industries Association (HKEIA) has called on Hong Kong to ease its listing rules and reduce transaction requirements to attract more angel funds, which are crucial for early-stage start-ups. According to the association's honorary chairman Samson Tam Wai-ho, Hong Kong currently has only around 100 active angel funds compared to Shenzhen's approximately 400 such institutions. Tam emphasized that a lack of angel funds and early-stage investors is a significant weakness in Hong Kong’s capital market ecosystem, hindering its ability to attract start-up founders. He suggested that the city could learn from markets like the United States, which have streamlined regulations fostering thriving ecosystems for angel funds and start-ups.