Industry experts endorse Hong Kong's potential as commercial space hub
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.
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