[Paul Chan: Hong Kong startups increase by 40% to approximately 4,700 in 5 years] According to Zhitong Finance, Hong Kong Financial Secretary Paul Chan stated in his blog that, with the joint efforts of the government and various sectors over the past years, Hong Kong's innovation and technology ecosystem has seen significant development. Over the past 5 years, the number of startups in Hong Kong has increased by 40% to approximately 4,700.