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FS visits biomedical firm in UK

Financial Secretary Paul Chan yesterday visited a biopharmaceutical company and the Royal College of Art, and attended a lunch hosted by the China-Britain Business Council, as part of his ongoing trip to London.   Mr Chan visited AstraZeneca and met the company’s senior management to learn about its drug research and development activities, as well as its latest expansion plans.   AstraZeneca indicated that following in-depth talks with Hong Kong’s Office for Attracting Strategic Enterprises, it plans to develop a research and development centre in Hong Kong and will engage in further discussion with relevant government departments on the matter.   The Financial Secretary then attended a roundtable luncheon held by the China-Britain Business Council, and met representatives of British enterprises that do business, or plan to do business, either in the Mainland or Hong Kong.   Mr Chan later visited the Royal College of Art, which collaborated with the Hong Kong Polytechnic Unive
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Patent granted under new system

The Intellectual Property Department's Patents Registry granted the first standard patent under the original grant patent (OGP) system this week, within 14 months after the application was filed.   Launched in December 2019, the OGP system creates a direct route for innovators to seek standard patent protection in Hong Kong with a maximum term of 20 years, providing an alternative to the existing re-registration route.   Secretary for Commerce & Economic Development Edward Yau said: “It's an exciting moment to see the granting of the first-ever standard patent by original grant.   “It is a milestone in the development of Hong Kong's patent system, which is a key component of the intellectual property (IP) protection infrastructure and one of the important elements for the development of innovation and technology.”   The fact that a standard patent can be obtained directly in Hong Kong without first going through the registration process outside the city provides a convenient, direct and expeditious route for patent applicants and helps attract and facilitate more such applications, Mr Yau noted.   He added it also demonstrates the efficiency and efficacy of the city's patent system.   “The Outline of the 14th Five-Year Plan for National Economic & Social Development of the People's Republic of China & the Long-Range Objectives Through the Year 2035 affirms the Central People's Government's support for the future development of Hong Kong in a wide spectrum of areas, including raising for the first time the support for Hong Kong to develop into a regional IP trading centre and an international I&T hub. We are equipping ourselves to leverage these new opportunities.”   Mr Yau pointed out that the launch and continued development of the OGP system is one of the strategic measures that the Government is pursuing to ensure that the local patent system advances with the times and meets the needs of the city's I&T and creative industries.   The invention of the first standard patent by original grant relates to the use of artificial intelligence to manage inventory in an e-commerce system.   As of May 31, the registry received 426 OGP applications, of which 33% were submitted by local residents or enterprises and 67% were from non-local applicants.   Click here for details of the OGP system.
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