Dollars: Hong Kong and Sar

dollars: Encouraging entrepreneurship in HK The SAR has made the development of science and technology a priority and proposed various measures to facilitate it, including increasing R&D resources, assembling talents, and providing venture capital, according to Global Times China. In less than two years, the SAR has invested about 100 billion Hong Kong dollars about 12.8 billion U.S. dollars in the implementation of these measures. Hong Kong's educational circles and R&D institutions are actively grasping the opportunity to enhance cooperation with their mainland counterparts, attracting talents to lay a solid foundation for the SAR to become an international sci-tech innovation center. In 2017, it established a fund of two billion HK dollars about 256 million U.S. dollars to work with private venture capital funds in investing start-ups in Hong Kong. And these companies hired 9,548 employees, a year-on-year increase of 51 percent. Official data showed that there were 2,625 startups in Hong Kong in 2018, up 18 percent from the previous year. (news.financializer.com). As reported in the news.