Five Hong Kong banks join in promoting intellectual capital management

Five Hong Kong banks have joined the Intellectual Property Department in promoting intellectual capital management (ICM) under the second phase of the Intellectual Capital Management Consultancy Programme launched
today (March 2). The five Partnering Lending Institutions (PLIs) are the Bank
of China (Hong Kong) Limited, Chong Hing Bank
Limited, Citi Commercial Bank, Hang Seng Bank Limited, and the Bank of East
Asia Limited.



The banks will offer more favourable financial and/or service privileges to successful business loan applicants who have prepared their own intellectual capital reports. This is a win-win arrangement as companies preparing intellectual
capital reports provide important non-financial data that can help financial
institutions identify good customers. This in turn helps small businesses
become more competitive when seeking finance.



Speaking at the launching ceremony, the Under Secretary for Commerce and Economic Development, Mr Gregory So, said, “In recent years, the government has been promoting the importance of intellectual capital among small and
medium enterprises and how they can make the best use of it. Intellectual
capital is a significant asset for an enterprise that can help maximise its
business potential.”



Chairman of the Federation of Hong Kong Industries, Mr Cliff Sun, said, “Intellectual property and intellectual capital management contribute to the development of a knowledge-based economy. We hope that more SMEs in Hong Kong can benefit from the Government’s ICM programme.”



Chairman of Lan Kwai Fong Holdings Limited, Dr Allan Zeman, said Lan Kwai Fong was a company with valuable human and relational capital. “I am happy to be taking part in the programme and keen to see how it will empower my business through uncovering and
exploiting our hidden intangible assets.” Lan Kwai Fong Holdings Limited is the
first organisation to join the second phase of the programme.



Under the second phase of the programme which lasts until the end of the year, free consultancy services will be offered to enterprises, especially SMEs, on cultivating and managing their intangible assets with a view to realising
new business opportunities, reducing business risk and strengthening their
protection of intellectual property.



More than 320 organisations joined the first phase of the programme in 2009, among which 14 have published company intellectual capital reports. Mr So and Mr Sun presented awards to the representatives of these organisations to
recognise their commitment to ICM.



The programme is organised by the Intellectual Property Department and co-organised by the Innovation and Technology Commission and the Trade and Industry Department. It has also gained
valuable support from the Federation of Hong Kong Industries, Hong Kong Brands
Protection Alliance, Hong Kong Cyberport Management Company Limited, Hong Kong
General Chamber of Commerce, Hong Kong Productivity Council, Hong Kong Science
and Technology Parks Corporation, Hong Kong Small and Medium Enterprises
Association, Hong Kong Trade Development Council, Manufacturing Enterprise
Integration and Innovation Association, the Chinese General Chamber of
Commerce, the Chinese Manufacturers’ Association of Hong Kong, the Hong Kong
Chamber of Small and Medium Business Ltd., the Hong Kong Chinese
Importers’& Exporters’ Association and the Hong Kong Council of Social
Service.



Participating organisations will be provided with a free set of training materials and a certificate to recognise their participation. Details of the programme can be found on www.ipd.gov.hk/eng/icm.htm




Ends/Tuesday, March 2, 2010

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Comment by John James O'Brien, CRM, MALT on March 5, 2010 at 12:22pm
Stephen, good to see the development. You know as well as any that "sheep" is the right word, but steps down the path start a journey, even when the destination is unknown. Strategic progress.

Of considerable concern in Hong Kong's continuing risk averse organizational culture. This is a critical barrier to introducing new thought and moving from task to outcome. I must review my notes as a refresher on IPD's ICM Lite. Is this a focus?
Comment by Stephen Selby on March 3, 2010 at 4:11am
Yes, it's a good start. And where five banks go, the rest will follow like sheep. :-)
Comment by Peder Hofman-Bang on March 3, 2010 at 4:05am
Stephen, this is great news. Just the kind of response we intellectual capitalists are looking for from the financial players (but rarely get).

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