Small and Medium-Sized Hong Kong Companies Band Together for Growth: Following Tencent’s Path to Success

Taking a cue from Tencent, smaller public firms in Hong Kong are joining forces to expand. The chairman of the guild states that numerous small to medium-sized listed companies in Hong Kong are grappling with many obstacles.

The Association of Small and Medium Enterprises Listed in Hong Kong is a not-for-profit organization established by a team of entrepreneurs. Their aim was to offer comprehensive data and assistance to small to medium businesses aspiring to prosper in Hong Kong, says chairman Wilson Sea.

"Numerous small and medium-scale businesses listed in Hong Kong are confronting various hurdles," stated Sea. "Our aim with this association is to assist them in leveraging Hong Kong's capital markets for fundraising, enabling them to grow and become significant contributors in the future."

Sea, who also holds the roles of chairman and executive director at China First Capital Group, stated that he encountered challenges during the transition of his financial company into a publicly traded entity.

"Sea stated that our firm went public in Hong Kong in 2011, yet we didn't see much business activity because our brand wasn't popular. Consequently, it was challenging to secure financing after going public."

By 2015, the firm had grown more advanced due to operational experience, he stated. This advancement attracted new investors and additional funding.