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| Hong Kong: Track record in scientific Technology (HKUST), and the Chinese University of Hong Kong
research with attractive business (CUHK) making it to the global top 50. Hong Kong has a clear
competitive edge in biotech basic research, with HKU and CUHK
environment among the global top 100 in the natural science and medical fields,

according to the QS ranking of 2021. In particular, with regard to
Dubbed Asia’s world city, Hong Kong is the place where East
meets West. Thanks to a congregation of world-class research medicine, pharmacy and pharmacology, and life sciences, HKU
institutes and experts, Hong Kong’s tertiary institutions enjoy clear ranks 39, 95 and 75, with CUHK at 40, 56 and 98, respectively.
advantages in scientific research, and their output is internationally Based on their competitive edge in basic research, universities in
recognised. Boasting an internationalised business environment, a Hong Kong have produced new findings in biotech that have
low tax regime and comprehensive safeguards underpinned by a garnered international recognition. For instance, HKU’s research
robust judicial and intellectual property (IP) system, Hong Kong is team with Professor Yuen Kwok-yung has developed the world’s first
often seen as an ideal springboard for foreign enterprises keen on
entering the Chinese market, and for Mainland enterprises looking
to expand abroad. In a highly regulated industry like biotech, Hong
Kong’s role is particularly important. The leading international
financial centre also has a vibrant and globally-orientated capital
market that is highly sought after by biotech enterprises looking to
raise capital.

Research excellence in tertiary institutions

Hong Kong’s tertiary institutions are highly competitive
internationally. According to the QS World University Rankings
2022, Hong Kong is second only to London in terms of its
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concentration of world-class universities, with the University of
Hong Kong (HKU), the Hong Kong University of Science and

9 London, the United Kingdom has four universities at QS’s global top 50 in 2022.
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