44.         In the National 12th Five-Year Plan, development of innovation and technology is elevated to a very important strategic level with explicit support given for Hong Kong to develop emerging industries. We must seize the opportunity to build more platforms for enhanced scientific research collaboration between the Mainland and Hong Kong, so as to help the Mainland's technological enterprises to "go global" and attract foreign investment. This will also entice more technology enterprises to set up offices in Hong Kong.

45.         Universities have always been a major cradle of innovation and technological development. We will work with them to promote their research and development results. We are examining the future positioning of the patent system in Hong Kong, and will map out the way forward in the near future. We also plan to set up a working group to study the overall strategy for promoting Hong Kong as a hub for intellectual property trading. The working group will comprise Government representatives, industry stakeholders, and experts from different fields.

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