Hong Kong's Innovation and Technology Bureau changed its R&D spending statistical caliber to total local innovation activity spending this June
In June 2026, Hong Kong's Innovation and Technology Bureau changed the internationally used caliber of total local R&D expenditure to total local innovation activity spending, including product design, software development, testing, and intellectual property applications. Under the new caliber, the 2024 figure was 51.7 billion, accounting for 1.63% of GDP, while the old caliber had long been about 1.1%.