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HKPC Launches Hong Kong’s First “Low-altitude Economy Tech Hall”

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8 months ago

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Building Hong Kong into the Asia-Pacific hub for low-altitude innovation applications, advancing the implementation of the low-altitude economy

HONG KONG SAR – Media OutReach Newswire – 30 September 2025 – The Hong Kong Productivity Council (HKPC) today held the grand opening ceremony of the “Low-altitude Economy Tech Hall,” with Mr WONG Wai-lun, Michael, GBS, JP, Deputy Financial Secretary of the HKSAR Government, serving as the Guest of Honor, together with Hon Sunny TAN, Chairman of HKPC; Hon Elizabeth Quat, SBS, JP, Legislative Council Member and Founding President of the Greater Bay Area Low Altitude Economy Alliance; as well as leaders from government, business, and academia, to witness a new milestone in Hong Kong’s journey toward airspace innovation and new-quality productive forces.

Smart city’s new engine: Low-Altitude Economy Shapes Hong Kong’s New Industrial Landscape

The low-altitude economy is a key component in building smart cities, integrating multiple innovative technologies including unmanned aircrafts, passenger electric vertical take-off and landing aircraft (eVTOL), airspace management, artificial intelligence (AI), and energy materials. Characterised by high growth, high integration, and high penetration, it is rapidly becoming a new industry contested worldwide. The Civil Aviation Administration of China projects the market size to reach RMB 1.5 trillion by 2025 and RMB 3.5 trillion by 2035.

Hong Kong has the distinctive advantages of enjoying strong support of the motherland and being closely connected to the world, along with multiple high-value scenarios for the low-altitude economy, including high-end logistics, emergency response, integration of culture and tourism, industrial applications, public utilities, and unmanned driving, demonstrating its potential for developing the low-altitude economy. The “Low-altitude Economy Tech Hall” launched by HKPC today marks the new starting point for the industrialisation of Hong Kong’s low-altitude economy, providing a one-stop platform for research commercialisation, technology validation, standard setting, and application deployment.

Mr WONG Wai-lun, Michael, GBS, JP, Deputy Financial Secretary of the HKSAR Government said, “The government is actively promoting the development of the low-altitude economy and seeks collaborative partners to engage and work alongside various sectors. In March of this year, the government announced the first batch of 38 Regulatory Sandbox pilot projects, of which 17 have already begun testing. By the end of October, a total of 28 projects are expected to be in testing. This reflects enthusiastic responses from all sectors and showcases the government’s swift progress in advancing the low-altitude economy, with a commitment to sustaining this momentum in the future.”

Hon Sunny TAN, Chairman of HKPC said, “Beyond being a showcase for innovative technologies, the ‘Low-altitude Economy Tech Hall’ is also a testbed for institutional innovation. Through this platform, we aim to bring together government, industry, academia, and research to jointly explore airspace management models and application scenarios in high-density urban environments, creating a ‘Hong Kong model’ for the low-altitude economy and further consolidating our position as an international I&T centre. HKPC is also the first institution recognised by Hong Kong’s Civil Aviation Department as an Advanced Small Unmanned Aircraft Training Organisation and holder of Advanced Operation Authorisation. We will continue to lead in system building and talent development.”

Connecting upstream, midstream, and downstream: HKPC Develops an Innovative Low-Altitude Economy Industry Chain

In promoting the low-altitude economy, HKPC has linked the entire industry chain, integrating upstream – materials, manufacturing, and energy technologies, midstream – standards and testing platforms, and downstream – application deployment, infrastructure, and talent training:

  • Upstream technology R&D: HKPC supports the development of hydrogen fuel cells, thermoplastic composite gas cylinders, microelectronic modules, and magnesium alloy materials and manufacturing to enhance drone endurance and structural light-weighting. Through 3D printing of drone components, HKPC bolsters local smart manufacturing capabilities. Successful cases include a self-developed carbon fiber–metal foam composite that simultaneously improves structural rigidity and airframe light-weighting.
  • Midstream standards and institutional building: HKPC collaborates with Institute of Electrical and Electronics Engineers (IEEE), the Greater Bay Area Standards Innovation Alliance, and others to establish risk-based standards, cross-border logistics standards, and other related manufacturing standards for regulatory sandboxes in the low-altitude economy, providing unified frameworks and risk thresholds for government, enterprises, and technology providers. HKPC is also Hong Kong’s first Civil Aviation Department–recognized advanced training organisation for small unmanned aircraft. It is currently preparing to launch Category C small unmanned aircraft (25–150 kg) courses to align with the regulatory framework under the Small Unmanned Aircraft Order (Cap. 448G).
  • Downstream application enablement: HKPC actively promotes drone deployment in scenarios such as logistics delivery, bridge inspection, emergency rescue, and power grid monitoring. Achievements include the Edison Gold Award–winning “Autonomous Air-ground Cooperative Tunnel Inspector,” combining edge AI computing, high-precision Non-GPS Positioning, and a multi-robot ground–air collaborative solution. Not only does it greatly reduce the need for working at heights, but also makes tunnel inspections safer and more efficient; and the “EagleEye Power Grid Inspection System,” a Gold Award winner at the Geneva International Exhibition of Inventions, which uses embedded AI for real-time defect detection to enhance inspection efficiency and safety.

Exhibition × Sandbox × Go Global: The Low-altitude Economy Tech Hall as a one-stop I&T platform

As a pioneer in strengthening the low-altitude economy value chain, HKPC remains at the forefront of industry development. Located at the HKPC Building, the “Low-altitude Economy Tech Hall” features nearly 20 cutting-edge technologies from Hong Kong and the Mainland, spanning the entire value chain, including technical standard settings, materials and manufacturing technologies, eVTOL, medium-sized unmanned aircraft technologies, low-altitude digitalisation infrastructure, air traffic management, geographic information systems, and various types of application scenarios—showcasing Hong Kong’s technical strength and collaborative potential in the low-altitude economy. In addition, it will offer hands-on operation experiences with small unmanned aircraft, allowing visitors to personally experience the appeal of frontier technologies.

The “Low-altitude Economy Tech Hall” also aligns with the Government’s “regulatory sandbox” policy by establishing institutional testing scenarios that allow enterprises, government, and academia to test technologies, validate regulations, and promote policy coordination within a controlled environment. Industry partners are welcome to visit and exchange insights, and the public is invited to explore the technological achievements of the low-altitude economy. Reservations for visits are available via this link.

Please click here for hi-res photos
Hashtag: #HKPC #Low-altitudeEconomyTechHall

The issuer is solely responsible for the content of this announcement.

About Hong Kong Productivity Council 

The Hong Kong Productivity Council (HKPC) is a multi-disciplinary organisation established by statute in 1967, to promote productivity through relentless drive of world-class advanced technologies and innovative service offerings to support Hong Kong enterprises. As a nationwide leader in innovative, market-driven research and development (R&D), specialising in leading technologies and all-rounded manufacturing services, HKPC promotes new industrialisation in Hong Kong and the Chinese Mainland and facilitates the development of new productive forces, leveraging innovation and technology (I&T), as well as bolstering Hong Kong to be an international innovation and technology centre and a smart city. The Council offers comprehensive innovative solutions for Hong Kong industries and enterprises to enhance competitiveness. To further support businesses in expanding into global markets, HKPC has established “The Cradle – Go Global Service Centre”, providing essential services to address businesses’ needs in product development, technology, manufacturing, and management, empowering enterprises to successfully go global. The Council partners and collaborates with local industries and enterprises and world-class R&D institutes to promote technology transfer, product innovation, and commercialisation through product innovation, technology transfer, creating value for industries. HKPC’s world-class R&D achievements have been widely recognised over the years, winning an array of local and overseas accolades.

In addition, HKPC offers SMEs and startups immediate and timely assistance in coping with the ever-changing business environment, and strengthens talent nurturing and Hong Kong’s competitiveness with FutureSkills training for enterprises and academia to enhance digital capabilities and STEM competencies.

For more information, please visit HKPC’s website: .

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Hong Kong Company Formations Surge 40.5% in 2025, Outpacing Regional Competitors

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9 hours ago

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15/05/2026

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Air Corporate data reveals 9 in 10 founders incorporated in Hong Kong do so remotely, driven by a 20% surge in Middle Eastern entrepreneurs seeking cost-effective operational alternatives to Dubai.

HONG KONG SAR – Media OutReach Newswire – 15 May 2026 – Air Corporate registered a 40.5% increase in Hong Kong incorporations in 2025, with the first quarter of 2026 already up 48% year-over-year. This data indicates that Hong Kong is reasserting itself as the leading Asian jurisdiction for company formation, fueled by a new wave of remote founders from the Middle East, North Africa, and Europe.

The prevailing narrative over the past five years suggested that Singapore was eclipsing Hong Kong; however, recent incorporation volumes challenge this. According to city-wide official figures cited by Vivian, Founder of Air Corporate, approximately 195,000 companies were registered in Hong Kong in 2025, compared to around 77,000 in Singapore.

“There was a lot of fuss about Singapore taking over Hong Kong as preferred jurisdiction over the last few years, but for 2025 alone, around 195,000 companies were formed in HK, vs around 77,000 for Singapore,” said Vivian. While city-wide registrations rose roughly 35% in 2025, incorporations at Air Corporate specifically grew by 40.5%. Vivian added, “With a 35% increase in the number of companies registered in 2025, Hong Kong is definitely back in the game as the top jurisdiction to start a company.”

The reality of Hong Kong company formation is increasingly global, lean, and founder-led. Nine in ten founders incorporated in Hong Kong with Air Corporate do not live there.

Key demographic and operational insights from Air Corporate’s client base include:

  • Approximately 90% of founders operate remotely from abroad, while 10% or less are based in Hong Kong.
  • Entrepreneurs aged 35 to 44 represent the largest age cohort at 38%, demonstrating that Hong Kong attracts founders in their prime career years rather than just younger digital nomads.
  • Serial entrepreneurs make up 60% of Air Corporate’s client mix, utilizing Hong Kong as an operational base for multiple companies, while first-time founders account for the remaining 40%.
  • A total of 89% of new companies are launched by solo founders (58%) or small teams of two to five individuals (31%).
  • Mainland China, Hong Kong, Turkey, India, the UAE, Australia, France, and Morocco rank among the top source markets for these founders.

Furthermore, 73% of new Hong Kong incorporations are directly tied to physical goods trade with China. This consists of e-commerce and dropshipping businesses (38%) and the trading of goods (35%). The recovery of in-person trade flows, including events, such as the Canton Fair and various industrial fairs, is pulling foreign founders back into the Greater China orbit and establishing Hong Kong as the natural entry point and financial layer over the world’s largest manufacturing base.

Air Corporate’s data recorded a 20% year-over-year growth in founders originating from the Middle East. This shift highlights a reverse migration where founders previously incorporated in Dubai are now choosing Hong Kong. Based on Vivian’s observations, founders often arrive in Dubai expecting fast incorporation and low costs, but discover that incorporation and maintenance are significantly more expensive than in Hong Kong, and banking remains difficult. Consequently, many founders move to Hong Kong after 12 to 24 months in the UAE, a trend accelerated by the Hong Kong government’s strategic outreach to the region.

For lean, remote-first businesses, speed-to-market is a critical factor. A founder located anywhere in the world can incorporate in Hong Kong and open a working bank account in approximately 7 days using digital banking partners. Currently, 90% of Air Corporate’s clients utilize these digital banking partners.

“Hong Kong and Singapore are the only places in Asia where you can set up your company, get a corporate account, and be in business in less than a week,” concluded Vivian.

Air Corporate is a service provider facilitating company formation and incorporation in Hong Kong for serial entrepreneurs, first-time founders, and remote-first business owners operating globally.

Media Inquiries
To learn more about Hong Kong company formation, visit Air Corporate’s website or contact their team directly.

Hashtag: #AirCorporate

The issuer is solely responsible for the content of this announcement.

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Natural Diamonds Sparkle on The Red Carpet at The 2026 Met Gala Celebrating “Costume Art”

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9 hours ago

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15/05/2026

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Today’s biggest stars express individuality and confidence with natural diamonds

NEW YORK, US – Media OutReach Newswire – 15 May 2026 – The 2026 Met Gala celebrating “Costume Art” took place May 4th at the Metropolitan Museum of Art in New York City, bringing together leading figures from across the globe for an unforgettable evening. These tastemakers showcased the most classic, refined and distinctive diamond jewelry looks of the season. Below, A Diamond is Forever highlights the standout trends from the event.

Desert diamonds

Desert diamonds emerged as a striking throughline on the Met Gala carpet, with a range of hues in distinctive settings taking focus.

Rihanna led the trend in a pair of exceptionally rare old Moghul Golconda fancy brown-yellow diamond earrings by Glenn Spiro, featuring two pear-shaped natural diamonds totaling 51.9 carats. Doja Cat offset her all nude look with a pair of large Leviev Diamonds floral-shaped earrings while Paloma Elsesser made a statement in a 29.5-carat diamond necklace by Bernard James, centered around a 15-carat fancy light yellow pear-shaped natural diamond. Cara Delevingne wore a De Beers London Forces of Nature High Jewelry ring, featuring marquise yellow diamonds set as eyes, while Emma Chamberlain opted for yellow and white diamond earrings by Chopard, underscoring the continued allure of warm diamond hues.

Magnificent Diamond Earrings

A wide variety of captivating silhouettes defined the natural diamond earrings on the Met Gala carpet. Zoë Kravitz delivered a modern twist with oversized diamond flower earrings by Jessica McCormack. Chase Sui Wonders opted for Jean Schlumberger by Tiffany & Co. Sea Fan earrings, bringing an element of sculptural artistry to the look. Gracie Abrams selected gently dangling Chanel earrings, adding understated fluidity, while Connor Storrie selected simple hoop earrings from Tiffany & Co., reinforcing the clean and enduring appeal of natural diamonds.

Standout Diamond Moments

Natural diamonds appeared in personal, unconventional and eye-catching ways, offering moments of surprise and awe. Power couple Beyoncé and Jay-Z embodied this trend with Beyoncé wearing Chopard’s Queen of Kalahari necklace, named after the rare 342-carat diamond that provided 23 stones for Chopard’s Garden of Kalahari collection. Jay-Z contributed to the narrative with a vintage diamond brooch by Briony Raymond worn at the collar as an unexpected placement that underscored the piece’s versatility. Isha Ambani made the styling of diamonds an art form in itself, wearing her own diamond jewelry featuring approximately 150 carats of old mine-cut diamonds, including a three-strand necklace and chandelier earrings, while also incorporating diamonds sewn directly into the bodice of her sari to represent significant moments in her life.

Together, these looks highlighted a shift toward natural diamonds as vessels of personal expression, styled with intention, individuality, and a sense of the unexpected.

Hashtag: #MetGala #RedCarpet #ADiamondisForever #NaturalDiamonds #Diamonds





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Turn Your Savings into a Front-Row Experience: HL Bank Singapore Offers Exclusive Passes to AsiaTop Music Festival 2026

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21 hours ago

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14/05/2026

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The premier music festival will play host to 16 K-pop, regional and Malaysian stars including, in performance order: Day 1 – NexT1DE, Aina Abdul, Belle Sisoski, Win Metawin, NMIXX, WINNER, DAESUNG, KUN. Day 2 – Uriah See, Firdhaus, Butterbear, 82MAJOR, STAYC, CRAVITY, TWS, CxM

SINGAPORE – Media OutReach Newswire – 14 May 2026 – Your next major K-pop experience is just a savings goal away as HL Bank Singapore (“HLB Singapore”) bridges the gap between financial wellness and the front row. In an exclusive collaboration designed for the ultimate music enthusiast, the bank is offering fans the chance to secure a pair of sought-after AsiaTop Music Festival 2026 tickets, valued at up to RM1,098 (approx. S$355), simply by growing their wealth.

HL Bank Singapore is giving music fans the chance to redeem exclusive passes to the AsiaTop Music Festival 2026, featuring top Asian acts, through its iSavings Reward Campaign.

This unique initiative stems from the regional synergy between Hong Leong Bank (“HLB”) and Tencent Music Entertainment Group (JOOX and QQ Music). By aligning with Visit Malaysia Year and Visit Selangor Year 2026, HLB is transforming the traditional banking experience into a gateway for premium entertainment. Scheduled for 30 and 31 May 2026 at the iconic Sepang International Circuit, the festival promises a high-octane weekend featuring an elite lineup of Asian superstars, including the largest K-pop showcase in the ASEAN region.

Securing a spot at the heart of the action has been streamlined through the iSavings Reward Campaign, running from 9 May 2026 to 18 May 2026. To participate, fans first decide on their preferred festival experience, selecting either a pair of Standard Passes with a S$5,000 deposit or the high-energy, nearer-to-the-stars Rockzone Passes with a S$8,282 deposit for their chosen day.

Once a tier is selected, customers can register by depositing the qualifying funds into an iSavings account via FAST or Links transfer. To validate their entry, customers must include the specific Comment Code, such as PALLIR1 for Day 1 Rockzone, within the funds transfer description. The qualifying balance must be maintained within the account for a six-month (182 days) earmarked period.

With only 88 pairs of tickets available for this exclusive campaign, the stakes are high. Allocation is limited to 22 pairs per day for each ticket category and will be awarded strictly on a first-come, first-served basis. Fans are encouraged to act quickly to ensure their savings work as hard as they do while securing a premier seat at the musical event of the year.

For full terms & conditions, and further details, please visit: www.hlbank.com.sg/AsiaTop2026

Hashtag: #HLBankSingapore

The issuer is solely responsible for the content of this announcement.

HL Bank Singapore

HL Bank Singapore is the Singapore branch of Hong Leong Bank Berhad, a leading digital-centric Malaysia-based financial services institution with a rooted heritage in the country spanning over 120 years. Operating under a Full Bank Licence in Singapore, HL Bank offers a comprehensive range of financial services to our business, retail and high networth customers through our 4 core business segments – Business & Corporate Banking, Personal Financial Services, Private Wealth Management and Global Markets.

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