On 5 December 2025, The Asia-Pacific Institute of Business (APIB) at the Chinese University of Hong Kong (CUHK) Business School officially launched the third phase of the Corporate Innovation Index 3.0 (CII 3.0) project. With funding from the Innovation and Technology Commission of the Government of the Hong Kong Special Administrative Region of the People’s Republic of China, the CII has become a benchmarking tool for assessing and fostering innovation among large corporations and small and medium-sized enterprises (SMEs) in Hong Kong since its inception in 2021.