On January 8, 2025, HKSTP showcased innovative technologies at a promotional event in Jakarta, Indonesia. The delegation highlighted green technologies and AI solutions to local business leaders. The event, attended by Hong Kong’s Financial Secretary, was positively received, emphasizing the strong economic ties between Indonesia and Hong Kong. Key representatives from Park companies discussed market opportunities and collaborative prospects to cater to local needs.
On January 8, 2025, the Hong Kong Science and Technology Parks Corporation (HKSTP) participated in the “Think Business, Think Hong Kong” promotional event held in Jakarta, Indonesia, by the Hong Kong Trade Development Council. The event showcased innovative green technologies and AI solutions developed by Park companies to a diverse audience, including business leaders, financial institutions, tech companies, SMEs, startups, and academics. Mr. Paul Chan, the Financial Secretary of the HKSAR, attended the event, which was met with a highly positive reaction from attendees.
Accompanied by representatives from ten Park companies, the HKSTP delegation displayed a variety of business solutions in Indonesia. These included technologies for real-time environmental monitoring of air and water, AI-driven retail innovations, and advanced 5G cameras with data analysis capabilities. Furthermore, seven Park companies presented their groundbreaking technologies at the HKSTP Pavilion, highlighting their innovative capacities in addressing contemporary challenges.
Kevin To, the Founder of One Energy (HK) Ltd, emphasized Indonesia’s vast motorcycle market, stating that through the event, the company aims to improve communication with local partners and explore their local market. Similarly, Stanley Chow, Co-Founder and COO of Leapstack International Limited, noted the burgeoning demand for medical insurance in Indonesia and expressed hopes to foster connections with potential partners through this visit.
The relationship between Indonesia and Hong Kong is robust, characterized by significant trade and economic interaction. In 2023, Hong Kong was Indonesia’s second-largest source of foreign direct investment, following Singapore, with investments totaling approximately USD 3.769 billion. The proactive stance of Indonesian authorities in promoting finance and AI sectors has resulted in rapid developments in these areas, aligned with initiatives to transform the capital into a green and smart city by 2028.
During their visit, the HKSTP delegation was also involved in a trade delegation orchestrated by the Hong Kong Information Technology Joint Council. They held discussions with the Indonesian Minister of Investment and representatives from the Ministry of National Development Planning, as well as engaging with local enterprises in finance and telecommunications. This matchmaking initiative aimed to introduce Hong Kong’s commercial capabilities while assisting local institutions in various sectors, thereby unveiling substantial developmental opportunities for Park companies in Indonesia.
The article highlights HKSTP’s participation in a significant promotional event in Jakarta, Indonesia, presenting innovative technologies aimed at bolstering local business operations. It underscores the growing economic ties between Hong Kong and Indonesia, particularly in sectors like finance and AI. The focus on green technologies aligns with Indonesia’s vision to develop a modern and sustainable urban environment. Furthermore, the involvement of local and international stakeholders is fostering opportunities for cross-border collaboration in technology and enterprise advancement.
The HKSTP’s participation in the promotional event in Indonesia signifies a strategic move to strengthen business ties and showcase innovative technologies. The positive response from local industries indicates a keen interest in collaboration, particularly in the fields of green technology and AI. The ongoing economic relationship between Hong Kong and Indonesia continues to create opportunities for mutual growth and development, reflecting the potential for enhanced international cooperation.
Original Source: thesun.my
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