The Hong Kong government is right to draw a link between innovation, international competitiveness and future prosperity.
Chief Executive CY Leung believes innovation enhances quality of peoples lives and supercharges our economic engine.
In competition with markets like Singapore, he wants to win the race to develop high value-added innovation and technology industries and make Hong Kong the regions innovation hub.
The establishment of the Innovation and Technology Bureau and the Academy of Sciences last year is evidence of a real commitment to staying ahead of the innovation curve.
The focus on innovation in Financial Secretary John Tsangs budget speech in February this year was noted and welcomed by the business community….
Read the full article at: http://www.ejinsight.com/20161112-how-hks-outdated-insolvency-law-is-hindering-innovation/