Speeches and Presentations

Working Group on Intellectual Property Trading holds first meeting

The Working Group on Intellectual Property (IP) Trading met for the first time today (April 2).

The Secretary for Commerce and Economic Development, Mr Gregory So, and Member of the Executive Council Mr Andrew Liao are the Chairman and the Vice-chairman of the Working Group respectively.

"IP has become increasingly important in a knowledge-based economy to drive innovation and growth. We would tap the wisdom of Working Group Members from various sectors, with a view to realising Hong Kong's potential to develop into an IP trading hub," Mr So said.

The Working Group briefly surveyed the present landscape of IP trading against the background of a remarkable growth in the global use of IP in recent years and an increasing demand for IP in the region. Members also discussed some preliminary strategic areas that efforts to promote IP trading may cover, and identified possible issues for further examination at future meetings.

The Chief Executive announced the setting up of the Working Group in his 2013 Policy Address. The terms of reference of the Working Group are to advise on the overall strategies to promote the development of Hong Kong as an IP trading hub, and to identify possible policy and other support measures to facilitate IP trading in Hong Kong. Members of the Working Group have been drawn from a wide range of sectors related to IP trading. They comprise various IP creators, IP users and IP intermediaries, as well as representatives from the Government and the Hong Kong Trade Development Council.

Tuesday, April 2, 2013