Deep & Far Newsletter 2022 ©
The Greater China IP Updates ˇV November 2022
China Assesses IP Commercialization
China attributed several concrete measures that have increased IP commercialization at a press conference in Beijing on 24 August 2022. Firstly, the China National Intellectual Property Administration (CNIPA) has been building an IPR operation system by establishing 33 IPR centers which brings together IPR buyers and sellers while providing support for deals and transactions. CNIPA has also partnered with the Ministry of Finance in building operation platforms, institutes, allocating funds and executing programs in key cities. The IPR evaluation system has been refined, a national standard for patent evaluation has been designed, statistics on patent royalty rates of recorded licensing agreements have been published, and a system to detect prices of IPR deals has been formed. CNIPA has also joined hands with the Ministry of Finance to implement a special program on patent commercialization while demanding local administrators bond patent open-licensing pilot programs with patent commercialization programs and to integrate with IPR operations of universities and enterprises. .
Hunan Province of China Boosts IP Development
The China National Intellectual Property Administration (CNIPA) and Hunan Provincial Peopleˇ¦s Government held a conference promoting the provinceˇ¦s innovation strategy. Hunan authorities have been sparing no efforts in strengthening IP work in the province, such as initiating the construction of an IP Protection Center and ensuring the completion of the building is on schedule. As part of the nationwide plan to strengthen the IP field, the local team members have been focusing on IP protection and IP commercialization and use. The results speak for themselves with a total of 80,600 invention patents to date and with 1,142 applications ongoing.
Highlights of Amendments to the China Patent Law
The CNIPA recently issued a summary of the updates to the Amendments to the China Patent law originally issued in June, 2021. The major aspects are as follows:
The amended Patent Law increased the statutory sum of damages to a range
between RMB 30,000 and 5,000,000. The increase is taking into account
the difficulties faced by the patentee when trying to collect evidence