There is a perception that new business formation has been slowing for some time in Hong Kong. Are people becoming less entrepreneurial, and the economy less risk-taking, creative, and innovative? If so, why has this happened? And will it end? The share of individuals in the workforce aged 30-39 who are employers is a good measure of the amount of new business being formed. Setting up a new business successfully requires both creativity (usually found among the young) and business acumen (usually acquired through high-level work experience). Individuals aged 30-39 are in their prime for combining both requirements. The share...
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