Invest Hong Kong seminar promotes in-depth exchanges between fintech enterprises and investment community
The Invest Hong Kong (InvestHK) seminar - Meeting Our Leading VCs in Hong Kong - concluded today (July 10), gathering over 200 fintech enterprise founders, venture capital (VC) leaders and industry experts to help inject new vitality into the future prosperity of Hong Kong's fintech ecosystem.
InvestHK has been linking global fintech enterprises with local and international capital resources. Hong Kong's capital environment has shown strong vitality and new opportunities recently. The Government is providing public funding support and introducing measures to accelerate the development of fintech and related areas such as Web3 and AI. Moreover, as of the end of June 2025, the investment amount brought by the New Capital Investment Entrant Scheme into Hong Kong is expected to be over HK$46.4 billion, reinforcing Hong Kong's standing as a pre-eminent international investment hub.
For private capital, Hong Kong's advantages are becoming increasingly prominent. Hong Kong has the second-largest capital pool in the Asia-Pacific region, after only the Mainland, with managed private equity funds over US$233.9 billion as of the first half of 2024. As the largest hedge fund centre and cross-border wealth management centre in Asia, Hong Kong continues to attract global capital. Since the Hong Kong Special Administrative Region Government issued the Policy Statement on Developing Family Office Businesses in Hong Kong, the family office business has developed rapidly. There are more than 2 700 single-family offices operating in Hong Kong, and the scale of managed assets continues to rise. New listing volumes on the Stock Exchange of Hong Kong jumped around eight times to US$14 billion in the first half of 2025, fully demonstrating the attractiveness of Hong Kong's financial market.
This seminar created a valuable opportunity for start-ups and growing enterprises to connect with well-known VC leaders. At the seminar, experienced investors shared market patterns and trends in Hong Kong, Southeast Asia, the Middle East and other markets. For VCs, through the Global Fast Track programme and the invitation-only online business matching platform Fast-Track Connect, they have accelerated access to high-quality deal flows and strengthened strategic investment networks.
Director of MindWorks Capital Mr Jeffrey Wu highlighted Hong Kong's unique advantages for fintech startups, namely a transparent regulatory regime, deep offshore capital markets, and a trusted legal system, which make it an ideal springboard for regional and global expansion. Founding Partner of Wings Capital Ventures Mr Jonathan Wu said that as connectivity between Mainland and Hong Kong continues to accelerate, demand for cross-boundary financial services is growing at a remarkable pace. The Mainland's strengths, including its abundant software development resources and rapid innovation cycles paired with Hong Kong's international market and diverse application scenarios, create a promising synergy.
The Managing Partner of 01Fintech Limited, Mr Kenny Man, emphasised that the Southeast Asian market has huge potential, and fintech enterprises should seize the opportunity to expand their business there. He also noted that the event provided valuable exposure to high-potential fintech innovations, reinforcing Hong Kong's role as a global fintech hub with rich cross-border opportunities. These insights provide valuable reference for 01Fintech's investment strategy in the region. Founding General Partner of Transcend Capital Partners Ms Winnie Leung also mentioned that Hong Kong is truly where East meets West, offering a vibrant fusion of cultures and business opportunities. With a substantial amount of capital available, it stands as an ideal hub for exciting venture capital projects.
In addition, the Head of FinTech of Cyberport, Mr Victor Yim, shared the experiences and achievements of Cyberport in supporting fintech and Web3 enterprises. The Senior Manager, New Ventures Development of Hong Kong Science and Technology Parks Corporation (HKSTPC), Ms Josephine Chan, introduced the innovative resources and development platforms provided by HKSTPC for enterprises.
The Global Head of Financial Services, FinTech & Sustainability at InvestHK, Mr King Leung, concluded, "This seminar has not only built a bridge for exchanges and co-operation among Hong Kong's fintech industry, it has also brought new impetus to shape the global fintech funding landscape. Through seminars like this, enterprises and investors can conduct in-depth exchanges, jointly seize market opportunities, and achieve mutual benefits and win-win results. This promotes the development of the fintech industry and further consolidates Hong Kong's leading position in the global fintech field. We will continue to organise such high-quality activities, both online and offline, to contribute to the development of the industry."
Invest Hong Kong seminar promotes in-depth exchanges between fintech enterprises and investment community Source: HKSAR Government Press Releases
Invest Hong Kong seminar promotes in-depth exchanges between fintech enterprises and investment community Source: HKSAR Government Press Releases
Invest Hong Kong seminar promotes in-depth exchanges between fintech enterprises and investment community Source: HKSAR Government Press Releases
CFS to follow up certain batches of powdered infant and young children formula with possible presence of Cereulide produced by Bacillus cereus
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department (FEHD) today (January 10) said that, it took initiative to meet with Nestlé Hong Kong again today, and confirmed the company's today announcement of an additional batch of powdered infant and young children formula suspected to have possibly used the raw material concerned. Nestlé Hong Kong has voluntarily stopped sales, removed from shelves the affected products and has initiated a precautionary recall. The CFS has collected samples of powdered infant and young children formula from the market for Bacillus cereus testing, the test results so far were satisfactory. The Environmental and Ecology Bureau is also closely monitoring the supply situation of other formula milk powder and maintaining communication with other major suppliers. It is noted that there is sufficient formula milk powder to meet the demand.
The spokesman said, the CFS has been actively following up on Nestlé company's voluntary and precautionary recalls of certain batches of its powdered infant and young children formula in certain areas in Europe due to possible presence of Cereulide produced by Bacillus cereus in the individual raw material. According to the latest information from Nestlé Hong Kong today, an additional batch of its powdered infant and young children formula imported into Hong Kong might have used the raw material concerned. The CFS had earlier enhanced surveillance in the market and collected a sample from the above batch for testing of Bacillus cereus. The test result of the sample was satisfactory. Nevertheless, as a precautionary measure, Nestlé Hong Kong has voluntarily stopped sales, removed from shelves the affected products and has initiated a precautionary recall.
Product details are as follows:
Product name (Net weight): NAN PRO 1 2 HMO (800g)
Batch number: 51670742F2
Best-before date: June 16, 2027
Place of Origin: Germany
"The CFS met Nestlé Hong Kong again today, urging them to properly handle the product recall issue and respond to public enquiries, in order to safeguard consumers' legitimate rights and interests. In addition, the CFS and Nestlé Hong Kong have jointly followed up, six suspected affected batches of infant and young children formula products that had not entered the market were marked and sealed. An additional 15 batches are currently en route to Hong Kong and will also be marked and sealed upon arrival. The CFS will continue to closely monitor the recall matters and remain fully committed to ensuring food safety, " the spokesman said.
Nestlé Hong Kong has initiated a recall of the affected batches of the products concerned. For enquiries about the recall, members of the public may contact the company through the following channels:
Consumer services hotline: 2599 8874 / 2797 6031/ 2179 8136 (Monday to Sunday, 9am to 9pm)
Email: consumerservices@hk.nestle.com
WhatsApp: 5283 4139 (NESTLÉ® NAN®) / 2599 8871 (Wyeth® Nutrition)
Online form: forms.office.com/e/BhqMhWfsUG?origin=lprLink
Consumers may choose to bring along the products (brand new or opened) for refund at place of purchase, or at exclusive service counters of Nestlé Nutrition Services from January 13 (Tuesday) onwards, to settle the recall and refund of the batches of the products concerned. Details of the exclusive service counters are as follows:
Kowloon Services Counter
Address: G/F, Park Hovan Commercial Building, 18 Hillwood Road, Tsim Sha Tsui, Kowloon (MTR Jordon Station Exit D)
Contact number: 3996 8196
Office hour: Monday to Saturday, 11am to 7.30pm; Sunday, 1pm to 5.30pm (except public holidays)
Hong Kong Services Counter
Address: 1/F, Ka Nin Wah Commercial Building, 423-425 Hennessy Road, Hong Kong (MTR Causeway Bay Station Exit B)
Contact number: 3996 8197
Office hour: Monday to Saturday, 11am to 7.30pm (except Sundays and public holidays)
The CFS, through its Food Incident Surveillance System, noted earlier that certain batches of Nestlé powdered infant formula were being voluntarily recalled in Europe due to possible contamination with Bacillus cereus. Upon learning of the incident, the CFS has immediately initiated follow up actions, published food incident posts to inform the public and the trade about the issue, and has been actively following up on the incident and enhanced surveillance.
Over the past three days (as of 4pm on January 9), the FEHD received a total of 18 food complaints and enquiries suspected to be related to the infant and young children formula products, including one anonymous complaint without contact information. The CFS and the Environmental Hygiene Branch have promptly followed up on all cases, including contacting the parties concerned to obtain details and collecting samples for testing. In addition, the CFS has referred the cases to the health department for follow-up. At present, no food poisoning cases related to the formula have been recorded.
Bacillus cereus is commonly found in the environment. Unhygienic conditions in food processing and storage may give rise to its growth. Cereulide is a heat-stable toxin produced in food by some strains of Bacillus cereus. Consuming food contaminated with excessive Bacillus cereus or its heat-stable toxins may cause gastrointestinal upset such as vomiting and diarrhoea.
The spokesman urged members of the public not to let infants and young children consume the affected batches of the products, and to seek medical treatment for infants or young children who felt unwell after taking the products concerned. The trade should also stop using or selling the affected batches of the products immediately.
"The CFS continues to closely monitor the developments of the situation, follow up and take appropriate action," the spokesman said.
Source: AI-found images
