BEIJING, Jan. 9 (Xinhua) -- China is expected to accelerate the securitization of Intellectual Property Rights (IPR) on a trial basis said Shen Changyu, head of the State Intellectual Property Office (SIPO), at a meeting about the IPR on Monday.
According to Shen, China will further promote the comprehensive utilization of IPR, in financial sector in particular. Policies will be released to boost financial innovation of IPR, improve the risk compensation and sharing mechanism, promote the mixed pledge of patents and trademarks and encourage the development of comprehensive intellectual property insurance.
IPR serves as the foundation for the development of an innovative economy, said analysts.
By the end of 2018, there were about 1.6 million invention patents from the Chinese mainland, rising 18.1 percent year on year. The number of valid registrations of trademarks reached 18.05 million, up 32.8 percent, said Shen. (Edited by Wu Shuang, wushuang2018@xinhua.org)
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