Hong Kong fast
HONG KONG, April 7 (Xinhua) -- Hong Kong will roll out a slew of measures including tax relief to shore up the region's intellectual property trade, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) government Paul Chan said Sunday.
The HKSAR government is working on policy moves to lower the tax rate on eligible patent-related profits from 16.5 percent to 5 percent, establish a Technology & Innovation Support Center for the World Intellectual Property Organization and update Hong Kong's Copyright Ordinance to accommodate the latest developments of artificial intelligence, Chan said in his blog.
"Efforts to foster intellectual property management, commodification and trade will allow Hong Kong to flourish in the high value-added sectors of the innovation and technology industry chain," said Chan.
He said intellectual property protection is one of the main reasons for innovation and technology firms to set up businesses in Hong Kong. The Intellectual Property Department of the HKSAR government has granted over 10,000 patents annually from 2021 to 2023, logging marked increase from the annual average of the preceding decade.
The HKSAR government will also advance cooperation with cities in the Guangdong-Hong Kong-Macao Greater Bay Area regarding intellectual property, Chan said. ■
Related articles
Kate Hudson hits the stage to debut songs from her new album Glorious at star
Kate Hudson looked like a pro as she performed songs from her new album Glorious for the first time.2024-05-21Procuratorate orders arrest of former vice president of China Development Bank
(Xinhua) 15:05, January 11, 2024BEIJING, Jan. 11 (Xinhua) -- Designated by the Supreme People's Proc2024-05-21China pledges efforts to combat lawyer misconduct
(Xinhua) 11:38, February 14, 2024BEIJING, Feb. 13 (Xinhua) -- China's Ministry of Justice has pledge2024-05-21Hannah Elizabeth puts on a VERY busty display in a white tweed co
Hannah Elizabeth made sure all eyes were on her as she attended the Aintree Grand National Festival2024-05-21California congressman urges closer consultation with tribes on offshore wind
A congressman who represents California’s north coast has sent a letter to federal regulators asking2024-05-21- By Oasis Hu (China Daily) 13:22, December 12, 2023John Lee Ka-chiu (second from right), chief execut2024-05-21
atest comment