Young entrepreneurs care for social issues

Business | Samantha Wong 12 Jul 2018

Nearly half of young entrepreneurs in Hong Kong are interested to become angel investors, according to a survey.

HSBC Private Bank's poll showed that two thirds of entrepreneurs under 35 years old regard social and environmental concerns as extremely important when they set up their current businesses. This compares to 52 percent among entrepreneurs, aged 55 and over.

Ivan Wong, co-head of HSBC Global Private Banking for north Asia, said millennial entrepreneurs deeply care about sustainability and climate change. He said millennial entrepreneurs "perceived reaching out to and connecting with others is as important to them as personal wealth."

They do not view their investments in isolation, but are interested in how they relate to other aspects of their personal aspirations and future plans of their families and family businesses, Wong added.

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