The new “Hong Kong – The IP Trading Hub” website is the one-stop shop for information and services related to intellectual property trading for businesses and the general public. Visit www.ip.gov.hk now.
Establishing the Working Group on IP Trading
As mentioned by the Chief Executive in his Policy Address 2013, a Working Group on IP trading was set up to advise on the overall strategies to promote the development of Hong Kong as an IP trading hub, and to identify policy and other support measures to facilitate IP trading in Hong Kong. The Working Group, led by the Secretary for Commerce and Economic Development, was set up in March 2013, and comprised Government representatives, industry stakeholders and experts from different fields.
Please click here for details and latest news of the Working Group.
Fostering the Development of Intellectual Property Trading
in Hong Kong
Know the Dynamic Context
Hong Kong is one of the innovative and creative economy leaders in the region and currently a services-driven economy. As an established international financial and trading centre, Hong Kong has the potential infrastructure for trading intellectual property (IP).
IP trading generally refers to the buying, selling and transferring of IP rights under mutually agreed terms and conditions. IP trading may include acquisition and licensing of inventive patents, industrial designs, semi-conductor layout-designs, plant varieties, copyright works, trademarks for goods and services, trade secrets and more.
The IP trading business is supported by a range of IP intermediaries who add value to the transactions that may not be possible for direct trading. Examples of IP intermediaries include IP consultants, IP brokers, IP conference organizers, IP valuers, IP financiers, IP agents, IP lawyers, IP mediators, and IP arbitrators.
Examples of IP trading may include the sale and purchase (eg through assignment or licensing) of:-
an inventive energy-saving technology patent protected in the target market for manufacturing or processing,
an avant-garde furniture design protected in the target market for production or distribution,
an original layout-design of integrated circuit, protected in the target market for production or distribution,
an original copyright film screenplay for adaptation and exploitation in the target market; and
a distinctive trademark for use in a wide range of fashion and accessories, protected in the target market.
Face the Common Challenges
The common challenges for the innovative and creative sector include the lack of capacity to capitalize the real value of their IP portfolios. They need to find buyers, assignees or licensees for exploiting their IP. They do not have a trading platform to monetize their inventive patents, avant-garde designs, original layout-designs of integrated circuits, original copyright works, distinctive trademarks, and other forms of IP.
At the same time, there are small and medium-sized enterprises (SMEs) that may like to transform themselves and to enhance their competitiveness through product or service differentiation. By making use of available IP portfolios in the market, they can save the transaction costs to find partners, financiers, venture capitalists and technology consultants to support their research and development.
Seize the Strategic Opportunities
The following aspects of Hong Kong's favourable and secure business environment create an ideal foundation for the development of IP trading in Hong Kong:
Hong Kong practises the rule of law.
Hong Kong has a simple, predictable and low tax system.
Hong Kong does not have any foreign exchange control.
Hong Kong is located at the heart of Asia and is the gateway to Mainland China.
Hong Kong has bi-lingual professional IP agencies and law firms providing a comprehensive range of IP services.
Map the Way Forward
From challenge to opportunity Hong Kong is developing capacity to enhance our commercial and economic development in the IP context. As a government agency, we wish to take intellectual property leadership as a catalyst for change towards integrated IP trading in Hong Kong. We will provide conceptual and structural insights on the value of innovation, creativity and intellectual property. We will collaborate with agencies in both the public and private sectors that share the vision to advance common interests and to accomplish the common goal.
We will support relevant initiatives to raise various sectors’ awareness of the trend and how they can play their respective roles in realizing the outcomes. We believe that the IP trading development in Hong Kong will in turn attract and demand more high-end intellectual property related services which would be translated in boosting Hong Kong’s services economy as a whole.
3-4 December 2015
Business of Intellectual Property Asia Forum 2015
Venue: Hong Kong Convention and Exhibition Centre
Organisers: The Government of the HKSAR, Hong Kong Trade Development Council and Hong Kong Design Centre Details
Business of Intellectual Property Asia Forum 2014 Date: 4-5 December 2014 Venue: Hong Kong Convention and Exhibition Centre Organisers: The Government of the HKSAR, Hong Kong Trade Development Council and Hong Kong Design Centre Details
Mainland, Hong Kong SAR and Macao SAR Intellectual Property Symposium 2014 (11 September 2014) Programme (PDF format)
2014 Guangdong/Hong Kong Seminar on Intellectual Property (IP) and Development of Small and Medium Enterprises (Shanwei) - "Enhance Competitiveness by Intellectual Property Exploitation" Programme Rundown (Chinese Only) (PDF format)
The second Hong Kong International IP Commercialisation Conference (31 Jul to 1 Aug ,2013) Programme Rundown (PDF Format)
Mainland, Hong Kong SAR and Macao SAR Intellectual Property Symposium 2013 (10 July 2013) Programme Rundown (PDF Format)
2013 Guangdong/Hong Kong Seminar on Intellectual Property (IP) and Development of Small and Medium Enterprises (Qingyuan) - "IP Trading and Capitalisation" (5 June 2013, Qingyuan) Programme Rundown (Chinese version only) (PDF Format)