Hong Kong will further facilitate the listing of specialist technology and biotechnology companies and promote local intellectual property development, says Financial Secretary Paul Chan Mo-po.
In detailing the Budget's particulars, Chan noted that Hong Kong Exchanges and Clearing (0388) is preparing a dedicated "technology enterprises channel" to facilitate the listing of tech companies, especially those that have listed in the mainland.
The Securities and Futures Commission will also cooperate to assist those companies in raising funds and expanding their businesses.
Meanwhile, Chan said the government is reviewing the tax deduction arrangements for various expenditures surrounding IP rights.
Measures include the lump sum licensing fees for acquiring the rights to use IP as well as related expenses incurred on the purchase of IP or the rights to use IP from associates, so as to accelerate the development of IP-intensive industries and promote the development of IP trading in Hong Kong.
STAFF REPORTER
