The government will sign a Memorandum of Understanding with the World Intellectual Property Organisation (WIPO), sharing the judgements of the city's judiciary in the field of intellectual property rights with the organisation's database.

The signing ceremony will be one of two events held by the organisation in Hong Kong on Monday.

Writing on his official blog, Financial Secretary Paul Chan noted the database currently contains about 2,200 judgements from over 40 jurisdictions.

Through its participation, the SAR will give key stakeholders, such as intellectual property owners and research institutions, a better understanding of the legal protections in Hong Kong, allowing people to be more confident in investing and doing research in the city, he said.

The other WIPO event on Monday will mark the release of its latest ranking of the world's top 100 innovation clusters, which measures the technological and innovation capabilities of city clusters based on their patent applications and number of scientific journal articles.

This year’s ranking has added a new criteria to evaluate the level of venture capital investment within a cluster.

While Shenzhen-Hong Kong-Guangzhou cluster has ranked second for five consecutive years, Chan said he’s confident its ranking will improve.

He said his optimism comes from the continued increase in investments in innovation and technology by the three Greater Bay Area cities.