The Policy Address presents a comprehensive set of measures encompassing various areas, such as the economy and trade, people’s livelihood and youth development. It addresses the challenges and opportunities facing Hong Kong, with the aim to reinforce its competitive advantages, integrate into national development and serve as an international hub connecting global markets as well as promote economic growth, paving the way for the city’s sustainable development.

Dr Peter K N Lam, Chairman of the HKTDC, said, “The Policy Address highlights a diversity of forward-looking and innovative measures across key areas, such as economic growth, business and investment attraction, infrastructure planning, and the development of the cultural and creative sectors. The comprehensive plan ensures that Hong Kong leverages its “eight centre” advantages and supports and integrates into national development, while creating strong impetus for economic growth and enhancing its competitiveness.”

The Policy Address states the Government will leverage Hong Kong’s advantages in professional services to develop the city into a regional intellectual property (IP) trading centre. The HKTDC fully supports measures to promote IP developments in Hong Kong, such as the latest amendments to the Copyright Ordinance and implementation of the patent box tax incentives.

The HKTDC will commission a consulting firm to conduct research on IP trading of Hong Kong’s creative industries and optimise our Asia IP Exchange (AsiaIPEX) and further promote IP-related cooperation.

In addition, we will enhance our major international IP events, such as the Business of Intellectual Property Asia Forum, Hong Kong Book Fair, Hong Kong International Film and TV Market (FILMART) and Hong Kong International Licensing Show, by working with industry players and providing business matching activities and professional services. This is to help businesses producing local original works tap into Mainland China and international markets.

The HKTDC supports the Government’s push for the continuous development of small and medium-sized enterprises (SME) and welcomes the launch of E-commerce Easy under the Dedicated Fund on Branding, Upgrading and Domestic Sales, which will enable SMEs to implement e-commerce projects.

The HKTDC has been actively promoting Hong Kong businesses’ engagement in e-commerce through its Transformation Sandbox (T-box) business support programme and Digital Academy, year-round services that accelerate SMEs’ digital growth and transformation.

The Policy Address outlined the Government’s intention to continuously promote the development of the convention and exhibition (C&E) industry. Expanding C&E facilities and raising C&E space play a pivotal role in reinforcing Hong Kong’s role as an international C&E as well as trade hub.

In regard to strengthening trade promotion efforts in emerging countries along the Belt and Road, HKTDC will continue to leverage its global network, which already covers extensive Belt and Road markets.

At the recent Belt and Road Forum, President Xi Jinping announced eight major steps to facilitate high-quality Belt and Road cooperation, which we fully support through our global network and international conferences and fairs.

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