Shenzhen, a young innovative city in South China, has maintained its national leading position across major intellectual property indexes this year, with double-digit growth in most areas.
The market regulatory department of the city, which oversees IP issues, has improved the legal environment for IP protection and taken new measures to further stimulate motivation in companies toward new technologies, said senior officials at the department.
According to the official statistics, a total of 28,000 companies filed 219,000 patent applications in Shenzhen in the first three quarters of this year, posting a year-on-year increase of nearly 17.2 percent. At the same time, about 164,000 patents were granted domestically, up about 34.5 percent from a year before. Both ranked first among big cities in China.
The city’s international applications filed via the Patent Cooperation Treaty continued to grow during the period from January to September this year, up 22.7 percent from a year before. The city currently ranks in first place among major mainland cities for PCT filings, the 16th consecutive year it has done so.
Meanwhile, the city’s trademark filings have surged by roughly 20 percent year-on-year, the official figures show.
Dubbed China’s Silicon Valley, Shenzhen has seen remarkable growth in innovative companies in a wide range of fields in recent years, including artificial intelligence, new-generation information technology and biomedicine, driving demand for intellectual property protection.
Shenzhen has seen remarkable growth in innovative companies in a wide range of fields in recent years, including artificial intelligence, new-generation information technology and biomedicine, driving demand for intellectual property protection.
Source: YUHONG IP LAW FIRM
Email: moc.pignohuy@lesnuoc
