On November 4, the 4th China Patent Week, promoted by SIPO, was inaugurated in China Technology Exchange (CTE) in Beijing. This event was themed as implementing patent strategy and transforming development mode.

The opening ceremony featured the introduction of the first patent auction and the launch of Intellectual Property Financing and Trust Planning. 324 patents will be auctioned in mid-December.

As organizers introduced, the auction is commissioned by the Institute of Computing Technology Chinese Academy of Sciences and co-organized by CTEX, ICT-TTC in the Haidian district of Beijing, Beijing Guoxin Xingye Auction Co Ltd and Beijing Unitalen Attorneys at Law.

The strategic cooperation signed by CTEX and Beijing Audio & Video Industries IP Alliance will focus on technology trading, investment and financing and intellectual property service.

The Tianjin Institute of Pharmaceutical Research and Tianjin Century Tianlong Pharmaceutical Industries Co Ltd signed an agreement on the transferring of technology and related patent licensing of the Nongjiatongluo capsule. The total contract value exceeds 50 million Yuan, setting a record for domestic TCM products.