Asia 360 Degree: Asian integration helps SMEs flourish

CGTN published this video item, entitled “Asia 360 Degree: Asian integration helps SMEs flourish” – below is their description.

The Boao Forum for Asia 2021 has begun. With the coordinated development of the global economy, Asia has become an important engine for global sustainable recovery. Marvin Chi, CEO of healthcare solutions start-up Bone’s Technology, says he and his team saw opportunities and started their business in Hong Kong three years ago, and moved to Shenzhen shortly after. He says that Asian economies and technologies are developing rapidly, spurring the development of the medical industry as well.

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In This Story: Hong Kong

Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

Hong Kong became a colony of the British Empire after the Qing Empire ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtained a 99-year lease of the New Territories in 1898. The whole territory was transferred to China in 1997. As a special administrative region, Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of “one country, two systems”.

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