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Jersey-based intellectual property management specialist and legal services outsourcing company CPA Global has reaffirmed its commitment to Hong Kong with the opening here today (October 29) of its new and expanded regional headquarters to spearhead the group's continued growth in Asia.
CPA Global is a world leader in intellectual property (IP) management, IP software, and legal services outsourcing. Its clients are from all over the world and range from small businesses to some of the world's best-known corporations and law firms. It offers a range of IP and broader legal services, helping clients to manage risk, cost and capacity, and realise greater value for their businesses and their IP assets.
Hong Kong's strategic location at the heart of Asia and on the doorstep of Mainland China is one of the major factors that attracted CPA Global to Hong Kong three years ago when it first set up in the city. This location advantage is also playing a key role in the company's latest decision to expand its Hong Kong operation into a regional headquarters.
CPA Global's Senior Vice President, Asia Pacific, Ms Joanne Hon, said, "Mainland China is now the world's fastest growing market for IP and one of the top filers of international patents. On a country-by-country basis, China's expenditure on R&D is now only second to that of the US. Indeed, its focus on developing a technology-based economy, protected by IP rights, is at the core of its success."
She added that Korea and Taiwan are other prime markets and said, "Hong Kong is the ideal location to serve as our platform for expansion into China and other parts of north and southeast Asia."
The Associate Director-General of Investment Promotion, Mr Andrew Davis, welcomed CPA Global's ongoing commitment to Hong Kong and said, "While Hong Kong's strong rule of law provides solid protection of IP rights, the free market principle encourages the free flow of information that is integral to IP industry development. We are delighted to see CPA Global reaffirming Hong Kong as a regional base and taking its business to new heights."
About CPA Global
Founded in Jersey, Channel Islands, in 1969, CPA Global is one of the world's leading IP management and legal outsourcing companies, offering a full range of IP and broader legal support services to attorney firms and corporate clients. With offices across Europe, the US, Asia and the Pacific, CPA Global employs some 1,500 people, serving clients in over 100 countries. Clients include leading Fortune 500 and FTSE companies, and two-thirds of the Global Lawyer 100. For more information, please visit www.cpaglobal.com.
About Invest Hong Kong
InvestHK is the department of the Hong Kong Special Administrative Region Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As at June 2012, InvestHK had completed over 2,600 investment projects, creating more than 30,000 new jobs in the first year of operation or expansion and HK$67 billion of investment. For more information, please visit www.investhk.gov.hk.
For event photos, please visit: www.flickr.com/photos/investhk/sets/72157631856560951/.
Ends/Monday, October 29, 2012
Issued at HKT 14:00
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