To advance the IP development in Hong Kong and Shenzhen, foster cross-boundary IP and innovation, exchange and co-operation, and promote the development of Hong Kong into a regional IP trading centre, the Commerce and Economic Development Bureau and the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality jointly promulgated the “16 Co-operation Measures for the Development of the Qianhai Shenzhen-Hong Kong Intellectual Property and Innovation Hub” in February 2023.