Xinhua Hong Kong, April 16 (High Road) HKTDC latest release of the survey, Hong Kong as a trading hub of intellectual property rights has the leading edge of the area, and take advantage of it to assist in the Mainland and overseas enterprises to expand the market.
Hong Kong 's creative and cultural industries, research centers and laboratories, as well as a number of its own R & D department of design and production company, will create different forms of intellectual property. In recent years, these trading activities gradually classified as intellectual property trade, and become one of the main functions as a core business district in Hong Kong.
TDC in the survey of more than 500 senior business executives working in 10 Asia-Pacific cities, which covers the six industries. Engaged in intellectual property trade respondents , about 54% of Hong Kong is Asia's best intellectual property management hub.
Respondents believe that Hong Kong's legal system is perfect, and sufficient financial resources, a sound system of intellectual property protection, professionalism and efficiency of the highly acclaimed play an important role in the area of intellectual property trade. In recent years, mainland companies committed to enhancing the production technology, increased overseas demand for intellectual property. From this point of view, Hong Kong can play to our strengths, to help overseas and Mainland companies to developbusiness in Asia or explore the international market two-way pipeline.
Currently, more than half of respondents believe that Hong Kong is authorized, the best place to copyright trade and technology transfer. The next five years, the industry is expected to Hong Kong will continue to lead, is a slight decrease in the leading position, it is expected Shanghai intellectual property rights trading will emerge to compete on Hong Kong.

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     Hong Kong recorded a balance of payments deficit of $7.1 billion (as a ratio of 1.5% to GDP) in the second quarter of 2012, as against a surplus of $63.8 billion (as a ratio of 13.2% to GDP) in the first quarter, the Census & Statistics Department says.

Reserve assets correspondingly fell by the same amount.

The current account recorded a deficit of $9.3 billion (as a ratio of 2.0% to GDP), as against a surplus of $10.6 billion (as a ratio of 2.3% to GDP) in the same quarter of last year.

The drop in the current account balance was due to an increase in the visible trade deficit, a decrease in the net inflow of primary income and an increase in the net outflow of secondary income, partly offset by an increase in the invisible trade surplus.

With imports of goods increasing faster than exports of goods, the visible trade deficit increased from $44.7 billion in the second quarter of 2011 to $72.4 billion in the same quarter this year.

On the other hand, the invisible trade surplus increased from $32.6 billion in the second quarter of 2011 to $46.5 billion in the same quarter this year, as exports of services increased and imports of services decreased. Overall, a combined visible and invisible trade deficit of $25.8 billion was recorded in the second quarter, larger than that of $12.1 billion in the same quarter of 2011.

     The seasonally adjusted unemployment rate stood at 3.2% in the June-August quarter, the same as the May-July period, but the underemployment rate rose from 1.5% to 1.7%, the Census & Statistics Department announced today.

Secretary for Labour & Welfare Matthew Cheung said: "The labour market conditions held largely stable during the summer period. While total employment decreased slightly by around 4,400 to 3,671,300 in June-August after several months of upsurge, the seasonally adjusted unemployment rate remained unchanged at a low level of 3.2%."

On the short-term outlook, Mr Cheung said: "The employment situation hinges on overall economic performance and in particular the pace of job creation in the corporate sector. While the number of job vacancies is still at a relatively high level, some employers have adopted a more cautious attitude towards staff hiring. Increasing downside risks in the external environment will add further uncertainties to the overall economic outlook in Hong Kong. We will stay alert and monitor developments closely."

Increases in the unemployment rate were mainly seen in the warehousing and support activities for transportation, and professional and business services sectors, excluding cleaning and similar activities, while decreases were mainly observed in the construction and real estate sectors.

The increase in underemployment was mainly seen in the construction, and food and beverage service activities sectors.

The labour force decreased by about 1,200 to 3.803 million in June-August, while the number of underemployed grew by 6,800 to 63,400.

     The ratio of women to men in Hong Kong has dropped from 1,000 to 912 in 2006, to 1,000 to 876 last year, the Census & Statistics Department said today.

The department said there were 3,768,600 women and 3,303,000 men in Hong Kong last year, while 44,139 girls and 51,279 boys were born.

About 55.4% of women and 60.6% of men were married, compared with 57.5% and 61.6% in 2001.

It also said 75.8% of women and 82.3% of men aged 15 or above had attained secondary education or above, higher than 67.7% and 75% in 2001.

The female labour force last year was about 1.76 million, higher than 1.46 million in 2001. But the male labour force was 1.94 million, less than 1.96 million 10 years ago.

The median monthly income of women and men, excluding foreign domestic helpers, was $11,000 and $13,000, both higher than the corresponding income of $10,000 and $12,000 in 2001.

     President Hu Jintao today urged the fourth-term Government to administer Hong Kong under the law in a sincere and united manner, to serve the community tirelessly and rule with vision.

He hoped the new Government could enhance Hong Kong’s competitiveness and build a better society.

Mr Hu attended celebrations of the 15th anniversary of Hong Kong's return to the motherland and the fourth-term Government inauguration ceremony this morning at the Convention & Exhibition Centre.

After the ceremony, President Hu met the new Chief Executive, as well as the executive, legislature and judiciary of the fourth-term Government, including the Chief Justice of the Court of Final Appeal, Principal Officials of the new-term Government, the President of the Legislative Council, new Non-official Members of the Executive Council and Permanent Secretaries.

He said he believed Mr Leung could lead the new Government to foster new developments and seek change while preserving stability. The Central Government will give its full support to the Chief Executive and Government in administering Hong Kong, while working with the people to maintain and promote the city’s long-term prosperity and stability, Mr Hu added.

Mr Hu hoped the new Government would administer Hong Kong under the law in a sincere and united manner, to serve the community tirelessly and rule with vision. He added the new Government should promote harmony and stability, uphold the authority of the Basic Law, enhance competitiveness, and strengthen human-resources development.

Mr Leung pledged to lead the Government team and civil servants well, and unite different sectors of society to fulfill Mr Hu’s expectations.

Before concluding his three-day visit to Hong Kong, Mr Hu attended a farewell ceremony at the Hong Kong International Airport before noon.

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