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Cross-boundary Professional Services
97. In recent years, arbitration and mediation have become the mainstream modes of resolving international commercial disputes. Building on our robust legal system and tradition, Government has all along been actively promoting Hong Kong's legal and arbitration services, and making its best efforts to advocate and develop mediation services, with a view to enhancing Hong Kong's position as an international legal and dispute resolution services centre in the Asia-Pacific region.
98. Last year, we completed the reform to modernise our trust law, making our trust services industry more competitive. Government will work with the industry to promote our strengths in this respect, and encourage settlors all over the world to choose Hong Kong as their base for trust administration.
99. Trade in Intellectual Property (IP) has great development potential. The Secretary for Commerce and Economic Development will continue to lead the relevant working group to devise measures to develop Hong Kong as an IP trading hub in the region. The objectives are to provide more financing and trading channels for enterprises, and promote the development of the creative and technology industries.
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