Strategic Enterprise KN Group Expands Hong Kong International Business Headquarters, Driving Corporate Globalisation and Economic Innovation
KN Group announced yesterday (July 30) the expansion of its international business headquarters in Hong Kong. In 2024, KN Group became one of the strategic enterprises under Office for Attracting Strategic Enterprises (OASES) and established its international headquarters and research and development (R&D) centre in last October, with the goal of advancing Hong Kong's ecosystem for artificial intelligence and large language models as well as leveraging Hong Kong's role as a strategic global platform to extend its reach across the Belt and Road Initiative and Southeast Asian markets. KN Group has expanded its office space to 16 000 square feet within a short period of time, which doubles its original footprint, reflecting the enterprise's accelerated internationalisation and injecting strong momentum into Hong Kong's financial and technology innovation landscape.
Earlier, KN Group also announced a strategic partnership with prominent local Web3 fintech company AlloyX to jointly launch the world's first blockchain-issued fund product backed by consumer finance loans as underlying assets. The fund leverages AlloyX's on-chain tokenisation technology to digitally transform cash loan assets, expand capital access, and explore new possibilities for traditional consumer finance business.
The General Manager of KN Group Hong Kong and Global Head of Treasury at KN Group, Mr Lucas Kong stated that the collaboration reflects the company's decade-long cultivation in AI financial technology and marks a significant milestone in bridging traditional finance services with global capital markets through digital pathways. He added that through the tokenisation of financial assets, KN Group aims to enhance service efficiency and transparency while continuing to drive innovation in the financial sector.
The Executive Director of OASES, Mr Bryan Peng said, "KN Group's business expansion and innovative development reflect the enterprise's strong confidence in Hong Kong's business environment. As outlined in the "Report on Hong Kong's Business Environment: Unique strength under 'One Country, Two Systems'" released by the Hong Kong Special Adminitrative Region (HKSAR) Government yesterday, the city is an ideal base for enterprises seeking global growth, and continues to demonstrate robust potential in emerging sectors such as fintech, Web3, artificial intelligence, and green finance. Earlier, the Securities and Futures Commission introduced the newly formulated 'ASPIRe' roadmap, and in June, the HKSAR Government issued Policy Statement 2.0 on the Development of Digital Assets in Hong Kong, providing a clear regulatory and development framework for the sector. These initiatives offer a solid foundation for KN Group and AlloyX to advance innovation in the digital asset space."
OASES is committed to providing one-stop facilitation services for strategic enterprises, facilitating their successful establishment in Hong Kong and fostering deep integration with the local innovation and business ecosystem.
Strategic Enterprise KN Group Expands Hong Kong International Business Headquarters, Driving Corporate Globalisation and Economic Innovation Source: HKSAR Government Press Releases
Strategic Enterprise KN Group Expands Hong Kong International Business Headquarters, Driving Corporate Globalisation and Economic Innovation Source: HKSAR Government Press Releases
Opening remarks by SITI at "CUHK and MicroSigX partner to launch breakthrough test aiding early autism diagnosis"
Following are the opening remarks by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the "CUHK and MicroSigX partner to launch breakthrough test aiding early autism diagnosis" today (December 17):
Professor Chan (Choh-Ming Li Professor of Medicine and Therapeutics of thethe Faculty of Medicine of the Chinese University of Hong Kong, Professor Francis Chan), Professor Ng (Associate Dean (Research) of the Faculty of Medicine of the Chinese University of Hong Kong and Croucher Professor of Medical Sciences, Professor Siew Ng), distinguished guests, ladies and gentlemen,
Good morning. I am pleased to join the Faculty of Medicine of CUHK (Chinese University of Hong Kong) at the launch of its groundbreaking innovation in early detection of autism spectrum disorder (ASD). Congratulations to CUHK Faculty of Medicine and MicroSigX on your achievements, which once again exemplify the fruitful outcomes of our collaborative efforts in innovation and technology (I&T).
The Hong Kong Special Administrative Region Government is firmly committed to developing Hong Kong into an international I&T centre. This vision builds on our flourishing life and health technology research, underpinned by the close collaboration among the Government, industry, academia, and research sectors. We have been channeling more funding support into our universities for commercialising their research and development (R&D) outcomes through various initiatives such as the Research, Academic and Industry Sectors One-plus Scheme launched in 2023. The Scheme has been well received by universities as well as the industry sector. Since its inception, a total of 49 projects were supported in the first two rounds, covering various technological fields including health and medical sciences, new materials and new energy, artificial intelligence and robotics, etc, with the total funding amounting to over $2 billion.
Another major I&T initiative of the Government to develop Hong Kong into an international I&T centre is the InnoHK Research Clusters. InnoHK leverages Hong Kong's advantages as an international city to promote global I&T co-operation and bring together leading researchers from around the world to conduct R&D in collaboration with local universities. The Government has encouraged the research centres under InnoHK to further increase the adoption rate of R&D projects, promote recognition in the industry and accelerate technology transfer and commercialisation of R&D outcomes. It is worth noting that MicroSigX's technology is in part underpinned by the research conducted at Microbiota I-Center, a research centre established under InnoHK. We are happy to see that our research centres under InnoHK are turning upstream R&D into real application and products in the market.
Today's pilot initiative not only marks a milestone in commercialisation of research and development outcomes, but also benefits the underprivileged local families by providing free tests to those in need with the assistance of non-governmental organisations. This is exactly our ultimate goal in promoting I&T: harnessing technological breakthroughs to benefit our society as a whole. We genuinely hope that advances in technology will bring meaningful benefits for society at large and improve people's quality of life.
The Government will continue to provide robust policy and support to enhance the overall I&T ecosystem in Hong Kong and develop Hong Kong into an international I&T centre. Let us work hand in hand to realise this vision. Thank you.
Source: AI-found images
Opening remarks by SITI at "CUHK and MicroSigX partner to launch breakthrough test aiding early autism diagnosis" Source: HKSAR Government Press Releases
Source: AI-found images
