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HKSTP Launches GreenTech Hub Solidifying Hong Kong as an International Leading Green Technology and Finance Hub
Officiating at the opening ceremony of the GreenTech Hub was Mr Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR). In line with the Hong Kong Climate Action Plan 2050, which aims for carbon neutrality, the new GreenTech Hub will serve as a dynamic, collaborative platform that facilitates business opportunities, fosters the exchange of knowledge, bridges financing gaps to expedite green technology, and accelerates the commercialisation of R&D outcomes.
Mr Albert Wong, CEO of HKSTP, said, “The establishment of the GreenTech Hub is a leap forward for Hong Kong in the global green technology arena. We believe real impact is achievable only through global collaboration. Our 16 GreenTech Hub Partners, which include financial and business institutions, universities, and institutions supporting business, form a powerhouse coalition against climate change.”
The number of greentech startups in Hong Kong has surged by an impressive 82% year-on-year in 2024, underscoring the immense potential of the sector in the city. HKSTP has been providing comprehensive end-to-end support to help greentech innovators grow and scale up by joining forces with influential stakeholders from the community. The new GreenTech Hub brings together 16 partners from leading financial and business institutions, industrial associations, and renowned universities. This collaboration facilitates business opportunities, fosters knowledge exchange and best practices, and bridges financing gaps to expedite green technology. Additionally, these universities offer talent training, testing and application scenarios for greentech solutions, further accelerating the commercialisation of R&D outcomes.
The GreenTech Hub unites greentech companies to further drive growth and innovation across key technology sectors, including green fintech, green building, new energy, and smart city solutions. The hub also features a dedicated Green Space to showcase innovative greentech and sustainable solutions.
The day’s events also featured a panel sharing session, joined by GreenTech Hub Partners and leading industry leaders, on the future of green technology and its integration into mainstream sectors.
HKSTP is set to continue strengthening Hong Kong’s position as a global leader in GreenTech and Green Finance, propelling green technology innovation, driving decarbonisation efforts, and contributing to a sustainable future.
Highlighted Greentech Innovations:
Radiative Cooling Solution inspired by butterfly wings – Azure Era’s radiative cooling film adopts cutting-edge technology, reflecting solar radiation to reduce indoor temperatures by 7 to 15 degrees Celsius without energy consumption for buildings, vehicles, and outdoor storing facility. Prominent clients and industry leaders include CATL and BYD.
Creating Sterile Environments with 20kV – Apicem Technology Services (ATS) has developed a patented Baal Decontamination system that utilises a 20kV high-voltage electric field to eliminate bacteria and viruses, thereby purifying the air.
TT GREEN: Facilitating Sustainability – InnoBlock’s blockchain-powered platform delivers traceable sustainability management solutions, encompassing carbon credit trading, ESG management, and automated reporting. TT Green ensures transparent carbon footprint tracking, prevents double counting, and complies with 29 major global emission standards.
Sulfur-Powered Revolution for Safer Electricity Storage – Luquos Energy has developed the world’s first commercial sulfur-based flow battery energy storage system for renewable energy storage, uninterruptible power supply, smart microgrids, and EV solar chargers. The energy of this system is stored in water-based solutions of sulfur, which is intrinsically non-flammable, costing half as much as lithium-ion batteries.
Fast and Safe Battery Swapping for E-Mobility – One Energy has developed intelligent battery swapping stations and management systems that enhances the usability of e-motorcycles and e-Tuk-tuks by drastically reducing charging time. The battery swapping station features the world’s first water-cooled fast charging system, integrated with an automatic fire extinguishing system which brings safer battery charging.
Transforming Tea Waste into a Greener Future – Zence Object converts tea waste into biodegradable materials called tea-board and tea-polymer. This sustainable innovation can replace plastic and timber, providing an eco-friendly solution for the environment.Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
Hong Kong Science and Technology Parks Corporation
More information about HKSTP is available at 
www.hkstp.org
Gears up to launch Aspire Yield
SINGAPORE – Media OutReach Neswire – 3 April 2025 – ASG2 Pte Ltd, a subsidiary of Aspire, a Singapore-headquartered all-in-one finance platform for modern businesses, today announced that it has secured the Capital Markets Services Licence (CMS) from the Monetary Authority of Singapore (MAS). The licence will enable Aspire to better serve businesses in Singapore by widening its offering to include regulated investment solutions designed to help them optimize their capital.
With the CMS licence in hand, Aspire also announces the upcoming launch of Aspire Yield, a new investment solution integrated within the Aspire Business Account. Aspire Yield enhances Aspire’s all-in-one financial platform, providing businesses with seamless access to investment opportunities while managing their finances in one place.
Small businesses have long been excluded from accessing competitive investment opportunities, which remain reserved for large corporations with deep banking relationships. In Singapore, traditional banks offer savings interest rates ranging from 0.01% to 0.25% per annum, leaving small businesses minimal returns on their idle capital. Without access to investment options, these businesses struggle to optimize their funds while ensuring liquidity, limiting their ability to grow sustainably.
Aspire Yield aims to bridge this gap by enabling startups and small businesses to earn competitive returns on idle capital while ensuring funds are easily accessible for operational needs. Powered by top-tier money market funds managed by Singapore’s leading asset managers, Aspire Yield will offer flexible investments with no minimum investment requirement, no lock-up period, and next business day liquidity—helping businesses optimize their capital with ease.
“Securing the CMS licence from MAS, one of the world’s most respected regulators reaffirms our continued commitment to building a trusted and innovative financial ecosystem that empowers startups and businesses with the tools they need to scale,” says Joel Leong, Aspire’s co-founder and Chief Strategy Officer. “As we enhance our capabilities, we remain dedicated to delivering seamless, compliant, and innovative financial solutions like Aspire Yield.”
“The launch of Aspire Yield is a major milestone in our mission to help businesses not just manage but grow their capital,” said Andrea Baronchelli, CEO and co-founder of Aspire. “By unlocking access to high-yield investment opportunities for global startups and small businesses, we are leveling the playing field and giving them the tools they need to thrive in an increasingly competitive landscape.”
Aspire Yield is currently in private beta. Interested businesses can join the waitlist at https://aspireapp.com/yield.
Hashtag: #Aspire
https://aspireapp.com/
https://www.linkedin.com/company/aspireapp-global/
The issuer is solely responsible for the content of this announcement.
Aspire
Aspire is the all-in-one finance platform for modern businesses globally, helping over 50,000 companies save time and money with international payments, treasury, expense, payable, and receivable management solutions – accessible via a single, user-friendly account.
Headquartered in Singapore, Aspire has 600+ employees across nine countries, clients in 30+ markets and is backed by global top tier VCs, including Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal. In 2023, Aspire closed an oversubscribed US$100M Series C round and announced that it has achieved profitability.
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Shenglong Electric showcases two AI-powered products in OFC 2025 to redefine smart electricity use
The patented AI-iPanel can speak, think, and manage, transitioning power distribution equipment from the intelligent age to the AI age. Electricity use is now safer, smarter, and more efficient thanks to the deep integration of AI and power technologies. The proprietary iDrip smart IoT system enables users to achieve full lifecycle management of buildings and parks. Building on iDrip 5.0, a digital twin platform has been developed for China’s National Communication Center for Science and Technology. This project yielded the first smart IoT building, metaverse operation and maintenance building, AI-driven green building, and AI-operated building. These two products can be tailor-made to satisfy each and every customer.
Shenglong Electric delivered its first overseas power engineering project in Madagascar in 2007. Since then, its products and services have supported hundreds of projects in over 50 countries and regions, including the Times City Smart Power Solution (Myanmar), Kurdistan Solar Power Station (Iraq), Heat-resistant Power Equipment Upgrade (Niger), Cheddi Jagan International Airport Expansion (Guyana), Hambantota Airport (Sri Lanka), Agboville-Céchi Road (Côte d’Ivoire), and Kaleta Hydropower Station (Guinea).
Standing at the forefront of smart grid and energy management, Shenglong Electric is leveraging its tremendous in-house technological expertise and cooperating with top-notch domestic universities so as to cut carbon emissions for mankind and add value to each kilowatt-hour of electricity.
Hashtag: #ShenglongElectric
The issuer is solely responsible for the content of this announcement.
Media OutReach
PolyU establishes Otto Poon Research Institute for Climate-Resilient Infrastructure with support from Otto Poon Charitable Foundation
Driving innovative solutions to tackle climate change and extreme weather challenges
HONG KONG SAR – Media OutReach Newswire – 2 April 2025 – The Hong Kong Polytechnic University (PolyU) has established the Otto Poon Research Institute for Climate-Resilient Infrastructure (RICRI), a pioneering strategic research institute focused on global climate change, with the staunch support of the Otto Poon Charitable Foundation. The Research Institute aims to be a global leader in the research and development of resilient and sustainable solutions for urban areas and rural communities to mitigate the challenges brought about by global climate change. PolyU held an Opening Ceremony and Forum today at Hotel ICON that drew nearly 300 participants, including faculty members, students and industry experts.
RICRI brings together a distinguished collaborative network of renowned experts from Mainland institutions including Tsinghua University, Nanjing University and Beijing Normal University, alongside Hong Kong government departments and industry partners. The Research Institute will serve as an interdisciplinary research platform to build an effective and integrated scientific think-tank, aiming to foster deep integration across government, industry, academia and research for the advancement and application of sustainable development in Hong Kong, the Nation and the world.
In his welcoming remarks, Prof. Jin-Guang TENG, President of PolyU, said, “The establishment of RICRI represents a landmark milestone in PolyU’s endeavour to address the urgent realities of climate change. This visionary initiative has been made possible through the generous support of the Otto Poon Charitable Foundation, and we are deeply grateful to Dr Otto Poon for his strong support and commitment to advancing research and innovation in climate resilience. Dr Poon is an outstanding alumnus of PolyU, a University Fellow, and has been a long-standing supporter of PolyU’s development, empowering our University to make significant contributions for the betterment of society.”
Ir Dr Otto POON, Founder of the Otto Poon Charitable Foundation and PolyU University Fellow, said during the ceremony, “Climate change is becoming an increasingly severe global challenge. All sectors of society must work together to enhance infrastructure resilience through scientific research and innovative technologies. I am pleased to support the establishment of RICRI and hope it will become a world-leading research centre for climate-adaptive resilient infrastructure in both urban and suburban areas, the promotion of innovation, exchange of policy development, and establishment of guidelines, standards and good practices of infrastructures for Hong Kong, the Nation and the global community.”
Speaking at the event, Mr TSE Chin-wan, the Secretary for Environment and Ecology, outlined the Government’s strategies and measures to achieve carbon neutrality by 2050, along with efforts to enhance climate adaptation and resilience. He also highlighted advancements in green technology and finance. He said, “Building a climate-resilient city is important—not only for protecting our properties but also our lives. As we celebrate the establishment of RICRI, let us work together to build a climate-resilient Hong Kong and a new ecological civilisation for us and our children.”
RICRI is led by Prof. Xiang-dong LI, PolyU Dean of the Faculty of Construction and Environment, Chair Professor of Environmental Science and Technology, and Ko Jan Ming Professor in Sustainable Urban Development. The Institute focuses on four key research areas: climate change and extreme weather; urban infrastructure and resilience; rural community and disaster mitigation; climate-resilient policy and implementation.
The forum held alongside the inauguration explored a wide range of topics, including: monitoring and prediction of extreme climate events in Hong Kong and surrounding regions; monitoring and adaptation of civil infrastructure towards resilience; urban resilience enhancement for energy-building-transport-water sector synergization toolbox; nature-based solutions for urban infrastructure resilience and water disaster management; resilience of rural infrastructure and communities to climate change; and intelligent platform and toolbox for urban infrastructure resilience.
In support of the University’s research endeavours in the areas of smart city and sustainable energy, the Otto Poon Charitable Foundation has in recent years contributed to the establishment of two research institutes at the University — the Otto Poon Charitable Foundation Smart Cities Research Institute (SCRI) and the Otto Poon Charitable Foundation Research Institute for Smart Energy (RISE) — as well as two endowed professorships for related disciplines. The establishment of RICRI further strengthens PolyU’s research capabilities in climate adaptation and infrastructure resilience, advancing the pursuit of sustainable development.
RICRI will offer research schemes and funding support in the field of climate-resilient infrastructure, including the Climate-Resilient Infrastructure Distinguished Lecture Series (CRIDLS), the Climate-Resilient Infrastructure Fellowship (CRIF) and the Climate-Resilient Infrastructure Research Scheme (CRIRS).
Hashtag: #PolyU #Climate-ResilientInfrastructure #GlobalWarming #ClimateChange #research #sustainablility
The issuer is solely responsible for the content of this announcement.
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