Hong Kong as Asia's Knowledge Centre (APICC Whitepaper #3)


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Hong Kong as Asia's Knowledge Centre (APICC Whitepaper #3)

  1. 1. Hong Kong as the Knowledge Centre of Asia and theInnovation and Technology Transfer Centre in Greater China By Dr Gordon McConnachie, Founding Chairman of Scottish Intellectual Assets Centre and Chief Technology Officer of Asia Pacific Intellectual Capital CentreThe opportunity for Hong Kong to in this new high-end businessmove to the next level of services employment market in theperformance in the modern economy legal, innovation support service, IPhas never been greater than it is trading and technology transfertoday, as indeed is the opportunity sectors.for Hong Kong to provide significantsupport to China as the world’s The unique qualities of Hong Konglargest nation fulfils its destiny and are well known: a trusted place to domoves from the industrial age fully business, excellent education at allinto the modern economy. levels, tremendous infrastructure, a respected rule of law including IPHowever, this great potential has law, a vibrant city, a bridge betweenonly been perceived by too few China-ASEAN and the rest of thepeople in Hong Kong and there is a world and a part of China at therisk that the opportunity may not be same time.exploited fully. This would notbring optimum outcomes for China’s Growth in the modern economy ismodernization and economic driven by the astute use ofdevelopment ambitions as reflected knowledge and networks, in otherin the 11th Five Year Plan and for words by the employment ofHong Kong’s own economic intellectual capital. The developedrestructuring and transformation. human resources of Hong Kong, byHong Kong is well poised to become their historic bi-lingual upbringing,THE Knowledge Centre of Asia with have the education, businesssignificant spin off effects in experience and flexibility to workmainland China. effectively with only a little coaching in order to use intellectual capitalAs the service centre for China, there management tools created in theis also the potential to create up to more developed countries to the20,000 highly paid professional jobs fullest in reaping the benefits of the 1 Asia Pacific Intellectual Capital Centre White Paper #3 (August 2008) © Asia Pacific Intellectual Capital Centre 2008 All Rights Reserved
  2. 2. knowledge based economy. Hong downside risk of being left behind inKong also has the skills to work with the race for superiority in a futureChina as she transforms from an world of knowledge economies. Toagro-industrial society to a modern act on these opportunities does notagro-industrial-knowledge based benefit Hong Kong alone, but it willsociety. The contribution this highly also benefit the mainland. From mydeveloped pool of human resources contacts with various mainlandcan make to Hong Kong’s own organsations, China does certainlyeconomic and technology appreciate Hong Kong’s role as atransformation and the results that bridge to the West and as the citycan be achieved in partnership with that is best poised amongst allChina should in no way be under Chinese cities that can come up withestimated. innovative solutions to help resolve the Intellectual Property RightsAs has been the case in other issues China has with the West.countries like Japan, Scotland andSingapore, Hong Kong needs a focal As I understand it from mypoint to create awareness, to help colleagues in Hong Kong, variouscoach, diagnose and mentor as these Intellectual Capital Managementfundamental and crucial steps are initiatives are being undertaken bymade to help move companies mainland organizations, such as the(including SMEs), universities, the China-ASEAN Intellectualgovernment and society along the Property and Intellectual Capitalgrowth path. Such a focal point must Conference to be held in Beijing onplay many roles: one possible 11-12 December 2008.scenario is outlined in the paper Iwrote in January 2006 entitled There is a bright future ahead for“Unleashing Economic Potential in Hong Kong, but it requiresthe Knowledge Economy”. This government leadership, supportivepaper focused on China is based on government policies to realise thisan earlier paper designed specifically future. Working with intellectualfor Hong Kong1. capital is 5% inspiration and 95% perspiration, in other words simplyIn the rest of the world, regions and hard work and common sense.countries which are moving aheadon these opportunities at full speed. If Hong Kong chooses to follow thisHong Kong should be aware of those path of growth, there will be fullopportunities as well as the support of the Intellectual Assets Centre in Scotland and the Global1 Network of Intellectual Capital Concept paper and proposal by Gordon Centres, both of which I co-founded.McConnachie in May 2005 and January 2006. 2 Asia Pacific Intellectual Capital Centre White Paper #3 (August 2008) © Asia Pacific Intellectual Capital Centre 2008 All Rights Reserved