Industry experts endorse Hong Kong's potential as commercial space hub
Experts at the Global Prosperity Summit 2025, held recently in Hong Kong, suggested the city could become a space innovation hub, capitalising on its role as a 'superconnector' to develop business opportunities with mainland China while leading a global consensus on aerospace regulations.
Exchanging views at the summit, a panel of experts discussed 'The Promise of Space – Breakthroughs and Potential', highlighting the mainland's emerging space technologies – including the rise of the BeiDou navigation satellite system (BDS) – which present significant opportunities for Hong Kong.
The panel emphasised Hong Kong's ability to draw space investment firms, given the rise in private funding for space ventures and the demand for capital.
One of the speakers, Adam Janikowski, founder and managing director of BDJ Capital, said: 'Hong Kong has a major advantage with its rule of law, and many other advantages. It has its location, its partnerships, its alliances.'
He added that there were 'over 140 private commercial space companies active in China since 2020', and over the last four years, more than 15 trillion yuan (US$2.1 trillion) has been raised through a significant number of financing rounds.
'We need to establish new space programmes, and we need to leverage and combine our strengths as a superconnector. Hong Kong is [located] between the Greater Bay Area, between our trade alliances, and has this incredible advantage,' he said, stressing that there is a strong opportunity for the city to become a commercial space hub.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
South China Morning Post
30 minutes ago
- South China Morning Post
Ancient China was home to earliest known matrilineal society, Neolithic burials reveal
Sometime around 4,500 years ago, a matrilineal community lived in what is now Shandong in eastern China. They farmed millet near the coast, raised animals and possibly engaged in fishing. This was the world's earliest known matrilineal society and it lasted 250 years, maintaining a stable lineage through at least 10 generations, a Chinese-led team has discovered. To decipher their family history, the team analysed ancient DNA from 60 individuals dating to between 2750 and 2500 BC. Their findings confirmed the existence of a Neolithic society that traced its descent through the female line. 'These findings lend support to the hypothesis that early matrilineal systems could emerge and persist in communities without strong mechanisms for wealth accumulation,' the team wrote in an article published in the peer-reviewed journal Nature on Wednesday. Scientists from Chinese institutions including Peking University, Shandong Institute of Cultural Relics and Archaeology, Minzu University of China and Sichuan University took part in the research, alongside peers from University College London. They set out to explore what they called 'a key but debated question' of whether early human societies were organised by paternal or maternal descent.
South China Morning Post
31 minutes ago
- South China Morning Post
Caught in a bad bromance: Trump and Musk go for the throat as shocking feud escalates
Hours after US President Donald Trump spoke with his Chinese counterpart on Thursday night and shared optimistic remarks about the call on social media, a public feud escalated between him and his biggest political donor. Advertisement Elon Musk, once Trump's most high-profile donor and self-proclaimed 'first buddy', lambasted the 'big beautiful bill' earlier this week – one of Trump's key domestic policy initiatives that was recently passed by the House – lighting the fuse on a public fight that quickly spiralled into a fiery exchange of accusations. In this explainer, the Post takes a closer look at Trump's One Big Beautiful Bill Act – examining a specific clause that fuelled the fallout, how the two sides turned on each other, and the economic ripples that have followed. How did the feud start? Musk called the One Big Beautiful Bill Act a 'disgusting abomination' in a social media post on his own website, X, saying it was a 'massive, outrageous, pork-filled Congressional spending bill'. 'It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden American citizens with crushingly unsustainable debt,' added Musk, who was at the helm of the US' cost-saving-focused Department of Government Efficiency (Doge) until last week. This was the second time Musk publicly lashed out at the bill. In late May, before officially leaving the Doge, he said he was 'disappointed' by the bill and believed the legislation 'increases the budget deficit' and 'undermines the work that the Doge team is doing'. Advertisement In response, Trump suggested that Musk was upset about the removal of mandates for electric vehicles (EVs), which could affect his Tesla business, while the president was speaking to reporters during a news conference with German Chancellor Friedrich Merz on Thursday.
South China Morning Post
35 minutes ago
- South China Morning Post
New university under mysterious PLA force to offer training in AI, unmanned operations
A new university under the Chinese military's mysterious Information Support Force plans to offer training in artificial intelligence (AI), unmanned operations and other key technology, according to its first public enrolment notice. Advertisement The People's Liberation Army (PLA) Information Support Force Engineering University in the central city of Wuhan will offer 10 undergraduate majors in information and intelligent technology, according to a Thursday report by state broadcaster CCTV. It added that students who have taken the college entrance exam and passed political evaluations may apply this month. According to the report, the school will also offer more traditional disciplines such as communication engineering, allowing students to study electromagnetic fields and wave propagation, satellite communication and 6G technology to cultivate commanding officers who can understand, operate and design communication systems. A new data link engineering major, designed for 'informationised, intelligent, and unmanned operations in modern warfare', will teach students about signals and systems, information fusion and processing, and data link technology. This technology is used on missiles, warships, fighter jets and early warning aircraft systems, according to CCTV. Advertisement Other majors include big data, command and information systems engineering, software engineering, and intelligent vision engineering, which focuses on pattern and intelligent target recognition on the battlefield.
