HONG KONG - 2 December 2022 – HKmediaEx presented in the Business of IP Asia (BIP Asia) Forum 2022 with industry leaders from across the world assemble to share insights on the trends, paradigm shifts and opportunities in the IP market.
Jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR), the Hong Kong Trade Development Council (HKTDC) and Hong Kong Design Centre, this leading annual IP event attracted more than 14,000 online and physical participants from over 40 countries and regions to share insights, network and explore business collaboration opportunities The physical-online hybrid BIP Asia Forum, themed “Creating New Value, Discovering New Frontiers 共建創新價值開拓嶄新領域”, was held at the Hong Kong Convention and Exhibition Centre (HKCEC) with physical sessions livestreamed. More than 70 seasoned industry leaders and well-established speakers outlined proposals to build a sustainable IP ecosystem and analyzed the effective implementation of IP strategies for business expansion, while exploring the business potential of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through forums, plenary sessions, workshops and product showcases.
HKTDC Executive Director Margaret Fong: “In the past 12 years, our Forum has become a leading platform for IP professionals and business leaders from around the world to exchange insights, make connections and explore opportunities. It also underpins Hong Kong’s status as a regional IP trading hub. With its strong IP protection regime, efficient IP commercialization, deep and liquid capital market and sound judicial system, Hong Kong is uniquely placed to foster a vigorous IP ecosystem in the Greater Bay Area, the rest of China and Asia at large.”
Hong Kong SAR Chief Executive John Lee:“Our country's National 14th Five-year Plan firmly supports Hong Kong's rise as a regional IP trading center. It's one of the eight important sectors to drive our future development, and to lead the way in – for China and for the Asian region as a whole. To strengthen IP rights' protection, the Hong Kong SAR Government will work to implement the international trade mark registration system. We’ll also update our copyright regime to boost digital copyright protection.”
Commissioner at the China National Intellectual Property Administration Shen Changyu: “The China National Intellectual Property Administration supports the development of the intellectual property business in Hong Kong and the whole Guangdong-Hong Kong-Macao Greater Bay Area (GBA). We will help Hong Kong develop its patent system, streamlining patent examination, staff training and information-system development. Hong Kong is expected to rapidly develop into a regional intellectual-property trading center. This will provide an optimized business environment for industry players, actively integrating the city into the nation’s development and contributing to a robust IP industry.”
Director General of World Intellectual Property Organization (WIPO) Daren Tang (middle):“Intangible assets will play a growing role in the economic growth of China, Hong Kong and the world. We anticipate that an increasing number of Hong Kong-listed companies will derive the majority of their value from intangible assets. In addition, intangible asset finance is rising on policy agendas as governments and businesses use intellectual property as a financial asset. As growth and trade in intangible assets surge around the world, creating new patterns of commerce and exchange, they will open up a wealth of opportunities for Hong Kong. The city and the Greater Bay Area are well-positioned to be key centers of an increasingly intangible asset-driven global economy.”
HKmediaEx Founder & CEO Lewis Wan:“ In the digital world, all assets are represented by IP, making IP protection extremely important. Hong Kong government is in the process to update the copyright regime in light of rapid advances in technology so as to ensure the intellectual property regime keeps abreast with times and international norms, as well as meets Hong Kong’s social and economic needs. The copyright system is the most important part of the IP regime. Hong Kong Copyright (Amendment) Bill 2022 was presented to the Legislative Council for debate and approval in July 2022. With the up-to-date copyright regulation, private property right arising from original works will get better protection while the public is allowed to make reasonable use of copyright works. This is crucial to encourage creativity, technological development, as well as the dissemination and advancement of knowledge.”
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