Hong Kong should actively promote intellectual property (IP) investment to drive economic development and leverage its unique strengths to support industrial production across the Greater Bay Area (GBA) and ASEAN regions, while maintaining its distinct institutional advantages over mainland cities, an economics professor said on Sunday.

Professor Heiwai Tang, Associate Vice-President of HKU Business School and Professor (by-courtesy) at School of Governance and Policy, made the remarks following a recent report titled Hong Kong’s Next Growth Pathway published by a local think tank, the 22 Foundation.