Hong Kong has the big chance to become the gateway to China for the early stage market and also the chance to be a hub in South East Asia but there are some concerns. It started more recently and the market is consequently less mature on both the entrepreneur and investor sides (less good quality opportunities and less professional players). The Government is starting to stimulate the ecosystem but is far away from the type of measures Singapore’s has implemented. For example there is an interesting 300,000 HK$ grant scheme by Cyberport, for companies who are selected for the big international acceleration programs as 500 Startups or Y Combinator. Taxation is quite attractive with low corporate tax (16,5%) and personal tax (max 15%) and no tax on capital gain. Nevertheless China seams to be doing its own things by itself, not very interested to internationalization nor to welcome foreign companies and is looking strait forward to the US and its IPO market, while Singapore at the moment seams to be more mature to position itself as the hub of the area.