IP scene

Beijing

New law amendment to boost innovation

The new Patent Law in the pipeline will increase protection of rights owners in China, according to the latest draft amendment, submitted on Sunday for review at a bimonthly session of the National People's Congress Standing Committee. The draft amendment of the patent law proposes increasing compensation for infringement. The compensation amount can be calculated by multiplying the losses of the obligee, the benefits gained by the infringer or the licensing fee by one to five. According to the draft, the statutory compensation granted by court will be increased to 100,000 to 5 million yuan ($14,500-$724,900) from the current range of 10,000 to 1 million yuan, if it is hard to calculate the damage.

Xinhua

Sichuan

Chengdu sets up IP trading center

An intellectual property trading center was inaugurated in Chengdu on Monday. The market, funded by seven companies including Chengdu Financial Holding Group and Chengdu Technology Transfer Group, will offer a series of services and support for facilitating commercialization of IP assets, in transactions, operations and financing. It will explore an innovative path toward IP industrialization, capitalization and internationalization to advance mass innovation and entrepreneurship, local officials said.

Science And Technology Daily

Guangdong

Guangzhou opens protection facility

A provincial intellectual property protection center was unveiled in Guangzhou last week. The facility works to advance the province's implementation of a national IP strategy, offer legal aid services and conduct international and regional exchanges and cooperation, especially in the Guangdong-Hong Kong-Macao Greater Bay Area, local officials said. A highlight of Guangdong's administrative reform, the new establishment is a key move to improve the local IP climate and create a better business environment in the province, they added.

China Intellectual Property News

Hainan

Be patient, China asks game makers

China is working to issue approvals for games that have passed the examination process, an official with the Publicity Department of the Communist Party of China Central Committee said on Friday. Feng Shixin, deputy director of the department's copyright bureau, called for patience as there are stacks of game applications that need to be examined. Feng said during the China Games Industry Annual Conference held in Hainan province last week that problems in China's online gaming industry include a lack of originality. China is witnessing massive growth in its online gaming market, which reached 235.5 billion yuan ($34.1 billion) last year, according to data from the Cyberspace Administration of China.

Xinhua

(China Daily 12/27/2018 page17)