BUSINESS OPPORTUNITIES

An international Innovation and Technology (I&T) hub, Hong Kong is enhancing its position as a world-class knowledge-based economy through significant investment to further develop its soft and hard I&T infrastructure and attract top tech talent and institutions from around the world.

• Centres of I&T development in Hong Kong include Cyberport, a creative digital community of more than 1,900 members that is also a key force shaping fintech development in the city.
• The Hong Kong Science Park (HKSP) is the city’s largest R&D base and home to over 1,000 I&T companies.
• The HKSP is establishing world-class research clusters in collaboration with globally renowned institutions and commercial entities. The first batch of R&D clusters involves Health@InnoHK focusing on healthcare, and AIR@InnoHK for artificial intelligence and robotics technologies.
• The Hong Kong-Shenzhen Innovation and Technology Park is being built on a 87ha site at the Lok Ma Chau Loop, a strategic location at the boundary between the two tech-savvy cities.
• Hong Kong’s smart city development is set out in the Smart City Blueprint for Hong Kong 2.0, which involves more than 130 initiatives.

The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is a vibrant city cluster that’s home to more than 86 million people. The GBA comprises the Special Administrative Regions of Hong Kong and Macao, and nine cities in Guangdong Province (Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing). Collectively, the GBA cities generated GDP of nearly US$1.7 trillion in 2020.

• With the support of the Central Government’s 14th Five-Year Plan, Hong Kong will leverage the GBA development as the best entry point to integrate into the overall development of the country, bringing sustained impetus to Hong Kong’s economy.
• With direct links by road, rail and air, Hong Kong is ideally positioned to play a significant role in GBA development, which will further enhance our status as an international hub for finance, logistics, trade and aviation.
• Hong Kong is uniquely positioned to be a facilitator and a beneficiary of other important national development strategies such as the Belt and Road Initiative.
• The GBA Youth Employment Scheme encourages enterprises with operations in both Hong Kong and the GBA to recruit and deploy local university graduates to work in the Mainland cities of the GBA.

As an international business and creative hub and centre of international trade, Hong Kong’s rule of law protects investors and the rights of intellectual property (IP) creators. A robust legislative framework for the protection of all forms of IP is in place.

• Hong Kong’s highly skilled IP practitioners and other related professionals provide various intermediary support services to technology and IP-related sectors. They work with IP owners in Asia and beyond, act as their agents and sell their IP to overseas markets.
• The Hong Kong Trade Development Council founded the Asia IP Exchange (AsiaIPEX), a free online platform and database showcasing intellectual properties around the globe to facilitate international IP trading and collaboration. Over 28,000 tradable IP listings are available on the portal.