NewsWorld
PredictionsDigestsScorecardTimelinesArticles
NewsWorld
HomePredictionsDigestsScorecardTimelinesArticlesWorldTechnologyPoliticsBusiness
AI-powered predictive news aggregation© 2026 NewsWorld. All rights reserved.
Trending
StrikesIranMilitaryDaysStatesFebruaryNewsTimelineYearsTariffCrisisSecurityAttacksTargetsDailyDigestTrump'sEmbassyTensionsWesternIsraelTuesdayWarHeat
StrikesIranMilitaryDaysStatesFebruaryNewsTimelineYearsTariffCrisisSecurityAttacksTargetsDailyDigestTrump'sEmbassyTensionsWesternIsraelTuesdayWarHeat
All Articles
Hong Kong budget to target IP economy boost with new academy, patent evaluation support
South China Morning Post
Clustered Story
Published about 7 hours ago

Hong Kong budget to target IP economy boost with new academy, patent evaluation support

South China Morning Post · Feb 24, 2026 · Collected from RSS

Summary

Hong Kong’s finance chief will unveil new measures in his budget to strengthen the city’s growing intellectual property (IP) economy, focusing on nurturing top-tier talent and helping local tech firms evaluate their patents, the South China Morning Post has learned. The initiatives, expected to be announced on Wednesday, come as Financial Secretary Paul Chan Mo-po faces mounting expectations to make strategic use of the city’s earlier-than-expected operating surplus while investing in long-term...

Full Article

Hong Kong’s finance chief will unveil new measures in his budget to strengthen the city’s growing intellectual property (IP) economy, focusing on nurturing top-tier talent and helping local tech firms evaluate their patents, the South China Morning Post has learned.The initiatives, expected to be announced on Wednesday, come as Financial Secretary Paul Chan Mo-po faces mounting expectations to make strategic use of the city’s earlier-than-expected operating surplus while investing in long-term growth, with different sectors expecting sweeteners to help ease business pressures and improve livelihoods.“Strengthening the IP economy will help diversify the city’s economic development, which is one of the themes of the budget speech. It will also encourage innovations and align with national priorities,” a source said.Mainland China’s 14th five-year plan calls for enhancing Hong Kong’s role as a global hub across eight major sectors, including transforming the city into a leading regional hub for IP trading.Currently, the IP industry accounts for about 30 per cent of Hong Kong’s gross domestic product and jobs.According to sources, Chan will announce the establishment of the Intellectual Property Academy, backed by a cash injection of tens of millions of Hong Kong dollars, to train professionals for the city’s expanding IP sector.

Share this story
Read Original at South China Morning Post

Related Articles

Bloombergabout 5 hours ago
Hong Kong Is Near End of Budget Deficit Era But Caution Prevails

For a city on the cusp of ending its longest run of budget deficits in two decades, Hong Kong isn’t brimming with confidence just yet.

South China Morning Post1 day ago
Should Hong Kong’s next budget make room for taking yuan global? Experts weigh in

With Hong Kong set to unveil its annual budget, economists have said the city should strengthen its role in pushing the internationalisation of the Chinese yuan as Beijing presses ahead with financial opening while keeping stability firmly in view. From expanding offshore yuan products to using its stablecoin regulations as a sandbox for potential cross-border payment channels, the experts said that Hong Kong could help realise the nation’s vision of becoming a “financial powerhouse”, especially...

South China Morning Post1 day ago
Hong Kong’s budget must help those who need it most

Maybe it’s because we are riding on the euphoria of good fortune and luck that is associated with the celebration of the Lunar New Year that there hasn’t been much of the noise that we usually hear ahead of the annual budget speech. Typically, the weeks leading up to the speech are filled with groups petitioning and suggesting how the government should be spending its money. Could it be because the start of the Lenten season is coinciding with that of Ramadan? Are we tempered to be less selfish...

South China Morning Post2 days ago
Hong Kong budget must be ‘prudent’, balance social needs and reserves: Paul Chan

Hong Kong must exercise fiscal prudence, carefully weighing social needs while maintaining adequate reserves to guard against unforeseen circumstances, the finance chief has said as he outlined the principles of the budget he will deliver on Wednesday. Financial Secretary Paul Chan Mo-po on Sunday also revealed the purple cover of the coming 2026-27 budget, saying the colour symbolised Hong Kong’s strengthening economic momentum amid a volatile external environment. The remarks came as the city...

South China Morning Post2 days ago
Hong Kong budget 2026-27: what’s holding back the city’s tech and talent schemes?

Hong Kong’s coming annual budget must address critical bottlenecks in technology and talent attraction to pave the way for the city’s first five-year development framework in line with national priorities, according to observers. The budget, to be delivered by Financial Secretary Paul Chan Mo-po on Wednesday, is more than a fiscal exercise. It is viewed as the first major test of officials’ “reform mindset” after Beijing unveiled the nation’s 15th five-year plan recommendations, which include...

South China Morning Post3 days ago
Hong Kong budget 2026-27: ‘sweeteners’ for grass roots or the middle class?

Hong Kong’s improving fiscal position has prompted a groundswell of calls for the government to offer more “sweeteners” in the coming budget, including a cross-party demand for more tax relief for the middle class, but economists have cautioned against such across-the-board measures. They were more supportive of targeted spending, a cause taken up in recent weeks by concern groups asking for more specific forms of help for grass-roots residents, especially the unemployed. The growing debate was...