Hong Kong Business News

The Hong Kong Special Administrative Region Government today welcomed the World Intellectual Property Organization’s naming of the Shenzhen-Hong Kong-Guangzhou cluster as number one in its index of the world's top 100 innovation clusters, the Global Innovation Index 2025.

The cluster filed 2,292 Patent Cooperation Treaty applications, published 3,775 scientific articles, and had 135 venture capital deals per million inhabitants over the last five years.

In a press release, the Hong Kong SAR Government said the ranking reflects high international recognition of the Greater Bay Area’s innovative capacity.

For the first time, this year’s index includes the number of venture capital deals as a new metric. The Hong Kong SAR Government highlighted that the Shenzhen-Hong Kong-Guangzhou cluster has excelled in channelling capital to support the translation of innovative ideas into material outcomes. It added that Hong Kong is an international financial centre, while the Mainland and Hong Kong rank first and second for venture capital and private equity fund management in Asia.

Going forward, it said, Hong Kong will continue to closely collaborate with its bay area sister cities to advance regional innovation and technology development, and make greater contributions to China's development as an innovative nation.