IP Industry in Hong Kong: Landscape, Advantages and Challenges 32.7% of Hong Kong's GDP and 29.1% of total employment between 2019 and 2021.8 trademarks, applications totaled 35,240 in 2021, dipped to 29,432 in 2022, and rebounded to 33,149 in 2024, with over 496,000 trademarks currently in force. Short-term patent applications increased from 552 in 2021 to 813 in 2024, indicating strong interest in rapid protection for innovations. Design filings also grew, with 2,228 applications covering 4,582 designs in 2024, up from 1,882 8 https://www.ip.gov.hk/filemanager/ip/en/content_150/Study-on-IP-Intensive-Industries-to-HK-Economy-e.pdf 9 https://www.ipd.gov.hk/filemanager/ipd/common/tools-resources/ip-statistics/IPD_D1_D28-Statistics_eng.pdf