Hong Kong's IP economy development is loosely defined, requiring investment and coordination to take shape. Industry players and analysts emphasize the need for clearer plans, following the latest budget outlining the city's role in IP trading.

Hong Kong’s initiatives to develop an intellectual property (IP) economy remain loosely defined and will require sustained investment and clearer coordination to take shape, industry players and analysts have said, following the latest budget outlining plans to turn the city into a regional IP trading hub. Financial Secretary Paul Chan Mo-po said in his budget address last month that authorities aimed to strengthen Hong Kong’s role in IP trading – including by refining tax arrangements,...