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Hong Kong Business Leaders Impressed with Israeli Innovation

By Anav Silverman –

Tazpit News Agency –

For a group of 34 Hong Kong businessmen, investors and entrepreneurs, a
visit to Israel last week (May 18-22) proved to be an eye-opening
experience. The group was on a mission led by Invest Hong Kong (InvestHK),
a department of the Hong Kong Special Administrative Region Government that
seeks foreign direct investment and expansion in Hong Kong.

“In Hong Kong, many know Israel for its holy sites, and not always for its
technology,” said Teresa Poon, manager of innovation and technology at

“The idea is to showcase Hong Kong to Israeli companies. Hong Kong is a
launching pad for businesses and start-ups with its well-established
financial system and close connections with Mainland China,” said Charles
Ng, the Associate Director of Investment Promotion for InvestHK. “We’ll
roll out the red carpet and welcome new investors.”

“Young Israelis are very passionate and we want our young generation in
Hong Kong to learn from this passion.”

“It’s the first time that Invest Hong Kong has brought such a large
business delegation to Israel,” added Simon Galpin, the Director-General of
investment promotion at InvestHK in an interview with Tazpit News Agency.

“We have been gradually building up in Israel, and we believe that there is
a lot more room for Israeli companies in Hong Kong, especially in high-tech
and start-up. We are looking for collaborative opportunities as well,”
Galpin stated.

“The Israeli tech companies are very impressive,” Poon told Tazpit. “We
would love to have something like Teva in Hong Kong for example.”

Israel is Hong Kong’s second largest trading partner in the Middle East and
Hong Kong is Israel’s fifth largest trading partner in Asia.

Over 80 Israeli companies do business in Hong Kong including Nice Systems,
Rad Vision, Orbotech, Zim Integrated Shipping, along with other telecom,
finance, diamond, and cosmetic companies. Leading import items from Israel
include diamonds, pearls, semi-precious stones, precious gems optical
products and telecommunications equipment. Israeli companies also supply
Hong Kong with a variety of semiconductors, electronic valves and tubes,
parts and accessories for office machines and computers.

This was Poon’s second visit to Israel, following a visit with her church
group last year. But for most of the members in the Hong Kong delegation,
it was their first trip to the Jewish state.

Daniel Lee, a professor at the University of Hong Kong University and the
head of the biotechnology department in Hong Kong Science Park was greatly
impressed by his first trip to Israel including his visit to the Haifa

“The best hidden treasures are here,” Lee told Tazpit. “Israelis have
amazing innovative minds. You have 12 Nobel laureates!”

“The mentality in Israel is different than in China – Israelis are more
rebellious. There is creativity here. Another thing that stood out to me
was the way Israelis cherish this small piece of land. They show great
appreciation for it,” pointed out Lee.

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Posted by on May 26, 2014. Filed under Israeli News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.