Essential terms for Hong Kong businesses, investors, and global enterprises entering the Asia market.
A Hong Kong government funding scheme administered by the Innovation and Technology Commission. It subsidizes local SMEs in adopting technology solutions to improve productivity or transform business processes.
Government funding to help Hong Kong enterprises expand into Mainland China and ASEAN markets. Covers market research, brand development, e-commerce platform setup, and trade fair participation.
Hong Kong's mandatory retirement savings scheme. Employers must enroll eligible employees within 60 days of employment. Both employer and employee contribute 5% of salary (capped at HK$1,500/month each).
Hong Kong's primary data privacy law (Cap. 486). Governs the collection, processing, and use of personal data. Requires data users to follow six Data Protection Principles.
The European Union's comprehensive data privacy regulation. Applies to any organization processing EU residents' data, regardless of where the organization is located. Key rights include data portability and the right to be forgotten.
China's comprehensive data privacy law, effective November 2021. Similar in scope to GDPR but with stricter requirements for cross-border data transfers and distinct consent rules. Critical for any business operating in or targeting China.
| Aspect | GDPR (EU) | PIPL (China) |
|---|---|---|
| Cross-border Transfer | Standard Contractual Clauses | Security Assessment required |
| Consent | Opt-in, can be implied | Separate consent for sensitive data |
| Data Localization | Not required | Required for Critical Information Infrastructure |
An AI technique that enhances language model responses by first retrieving relevant information from a knowledge base, then generating answers grounded in that retrieved data. Reduces "hallucinations" and enables AI to answer with accurate, up-to-date information specific to your organization.
AI models trained on vast amounts of text data to understand and generate human language. Examples include GPT-4 (OpenAI), Claude (Anthropic), and Gemini (Google). Powers chatbots, content generation, and intelligent automation.
An open-source platform for building LLM-powered applications. Enables visual workflow building, RAG knowledge base integration, and API deployment without extensive coding. Chronicle uses Dify as part of our AI infrastructure.
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