Hong Kong budget to target IP economy boost with new academy, patent evaluation support
South China Morning Post
by Olga WongFebruary 24, 2026
AI-Generated Deep Dive Summary
Hong Kong’s finance chief is set to introduce new measures in the upcoming budget aimed at bolstering the city's intellectual property (IP) economy. These initiatives focus on nurturing top-tier talent and providing support for local tech firms to evaluate their patents, aligning with broader goals of economic growth and innovation.
The proposed actions are part of a strategic effort to leverage Hong Kong’s unexpected fiscal surplus, allowing investment in long-term initiatives that could drive future prosperity. By establishing a new academy dedicated to IP training and offering financial assistance to SMEs for patent evaluations, the government aims to create an ecosystem conducive to innovation and commercial success.
Additionally, fostering partnerships with regional neighbors like Shenzhen will enhance collaboration in research and development, positioning Hong Kong as a leader in Asia’s tech landscape. This move not only strengthens local capabilities but also attracts global talent and investment, reinforcing Hong Kong's role as a hub for IP-driven economic growth.
These measures underscore the government's commitment to innovation, with implications extending beyond Hong Kong. By enhancing IP protection and fostering international collaborations, the city aims to contribute significantly to global technological advancement and economic development. This strategic focus on the IP economy highlights Hong Kong’s vision to remain competitive in an increasingly knowledge-based world market.
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Originally published on South China Morning Post on 2/24/2026