Fintech News & Trends in Hong Kong and Asia

China sees stable intellectual property growth in H1

The booth introducing intellectual property rights protection at the trade in service fair in Beijing, on Sept 9, 2020. (PHOTO / XINHUA)

BEIJING – China on Wednesday reported a stable trend in intellectual property development in the first half of this year.

A total of 339,000 invention patents were authorized in the first six months, the China National Intellectual Property Administration revealed at a press conference.

By the end of June, the number of valid invention patents from China had reached 3.324 million, while the number on the Chinese mainland stood at 2.454 million, up by 23 percent year on year

By the end of June, the number of valid invention patents from China had reached 3.324 million, while the number on the Chinese mainland stood at 2.454 million, up by 23 percent year on year.

Also, by the end of June, the number of valid registered trademarks reached 33.548 million, up by 22.4 percent year on year.

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In the first half of this year, 87 geographical indication products were approved by the administration.

A total of 13,800 cases of administrative adjudication on patent infringement disputes were filed nationwide in the January-June period, during which a total of 107.4 billion yuan (about US$16.6 billion) was raised through the pledge financing of patents and trademarks.

China has been witnessing a climbing trend in the intellectual property rights review, the administration said. By the end of June, the average review period of invention patents had shortened to 19.4 months, while the high-value patent review period shortened to 13.4 months. 

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