Core Viewpoint - Hangzhou Municipal Market Supervision Administration has issued a notice regarding the management measures for the Hangzhou Key Industry Intellectual Property Operation Fund, which aims to support industrial transformation and explore commercial models for intellectual property operation [1]. Group 1: Fund Structure and Management - The fund is established with central government financial support and aims to collaborate with qualified social capital to set up investment funds [1]. - The fund will be managed under a system that separates decision-making from management, adhering to principles of government guidance, market operation, innovation encouragement, and risk prevention [1]. - The fund will be managed by the Hangzhou High-tech Venture Capital Management Co., Ltd., which will represent government contributions and manage the fund's operations [2][3]. Group 2: Investment Focus - The fund will primarily invest in key industries, strategic emerging industries, and patent-intensive industries in Hangzhou, particularly in fields such as electronic information, biomedicine, advanced equipment manufacturing, and artificial intelligence [1][3]. - The fund encourages the transformation and application of patents, supporting the acceleration of university patents into key industries [4]. Group 3: Fund Operations and Requirements - The investment fund must be registered in Hangzhou with a minimum scale of RMB 100 million, and the fund's contribution from the operation fund will not exceed 25% of the total subscribed capital [4]. - The fund will operate independently based on market principles, with a maximum investment period of 8 years, and will exit through various methods such as liquidation or buyback [5][10]. - Investment institutions must meet specific criteria, including a minimum registered capital and proven fundraising capabilities, to collaborate with the operation fund [6][9]. Group 4: Financial Management and Reporting - The management fee for the investment fund is capped at 2% of the total subscribed capital per year, covering establishment, management, and termination costs [9]. - The fund management must submit regular reports, including quarterly and annual audits, to ensure transparency and compliance with regulations [13].

Core Insights - The National Intellectual Property Administration (NIPA) has made significant progress in promoting the transformation and utilization of patents during the "14th Five-Year Plan" period, with the industrialization rate of invention patents increasing from 44.9% in 2020 to 53.3% in 2024 [1][3] - China ranks second globally in brand value among the top 5000 brands, with a total value of $1.76 trillion [1][4] - The country has established intellectual property cooperation with over 80 countries and regions, and its global innovation index ranking has improved to 11th place, leading among middle-income economies [1][3] Intellectual Property Development - The NIPA is shifting focus from quantity to quality in intellectual property, promoting high-quality services and combating plagiarism and fraud in patent applications [2][3] - The average examination period for invention patents has been reduced to 15.5 months, and trademark registration takes about 4 months, both among the fastest globally [3] Economic Impact - The value added by patent-intensive industries accounted for 13.04% of GDP in 2023, up from 11.97% in 2020 [3][11] - The total import and export value of intellectual property usage fees is projected to rise from 319.44 billion yuan in 2020 to 398.71 billion yuan in 2024, with an annual growth rate of 5.7% [3] International Cooperation - China has made strides in international cooperation on intellectual property, including the implementation of the China-EU geographical indication protection agreement and joining the Hague Agreement for industrial design [4][5] Innovation and Technology - High-value invention patents are concentrated in strategic emerging industries, with 1.472 million effective invention patents in these sectors, representing a 2.2-fold increase since the end of the 13th Five-Year Plan [9][10] - The number of effective invention patents per 10,000 people has reached 15.3, surpassing the target of 12 set for the 14th Five-Year Plan [9] Industry Growth - The number of valid invention patents in China reached 5.01 million by June 2023, a year-on-year increase of 13.2% [7] - Patent applications in the digital and medical fields have seen significant growth, with increases of 34.1%, 22.7%, and 19.8% in key technology areas [8] Future Directions - The NIPA aims to further strengthen the cultivation of patent-intensive industries and enhance the integration of intellectual property, technological innovation, and industrial development [11]

Core Insights - China is making significant progress in becoming a strong nation in intellectual property (IP) during the 14th Five-Year Plan period, focusing on enhancing innovation capabilities and the effective utilization of IP [1][2]. Group 1: Innovation Strength - China is transitioning from being a major importer of IP to a creator of IP, with a notable increase in high-value core patents in strategic emerging sectors such as 5G, AI, aerospace, and new energy vehicles [2]. - As of June 2023, the number of high-value invention patents per 10,000 people reached 15.3, surpassing the 12 target set for the 14th Five-Year Plan [2]. - There are 524,000 domestic enterprises holding effective invention patents, totaling 3.727 million patents, which accounts for 74.4% of the national total, reflecting a 6.1 percentage point increase from the end of the 13th Five-Year Plan [2]. Group 2: Patent Growth by Sector - The top three sectors for growth in effective invention patents are information technology management methods, computer technology, and medical technology, with year-on-year growth rates of 34.1%, 22.7%, and 19.8% respectively, significantly outpacing the average growth rate [3]. - Patent-intensive industries contributed 16.87 trillion yuan in added value in 2023, representing 13.04% of China's GDP [3]. Group 3: Utilization and Commercialization - The transformation of IP into productive forces is emphasized, with initiatives to promote patent commercialization leading to a rise in the industrialization rate of enterprise invention patents from 44.9% in 2020 to 53.3% by 2024 [4]. - The annual import and export total of IP usage fees is projected to increase from 319.44 billion yuan in 2020 to 398.71 billion yuan by 2024 [4]. - The value of Chinese brands among the global top 5,000 reached 1.76 trillion USD, ranking second worldwide [4]. Group 4: International Cooperation - China has established IP cooperation with over 80 countries and regions, with a patent examination highway covering 84 countries, enhancing the innovation environment for foreign enterprises in China [5]. - The country has provided extensive guidance and consultation services to outbound enterprises, helping to reduce litigation costs by 1.32 billion yuan and recover economic losses of 38.04 billion yuan [5]. - China is also promoting green innovation through international cooperation, contributing 12,000 green technologies to the World Intellectual Property Organization [5].

Group 1 - The core objective is to establish a "National Intellectual Property Strong County Construction Demonstration County" by 2025, aiming for significant increases in patent metrics, including 2,500 invention patent authorizations and over 13,000 valid invention patents [1] - A comprehensive service network will be created, integrating experts from research institutions, intellectual property alliances, and market supervision teams to form a service matrix that covers various departments and reaches local areas [1] - The establishment of the first national patent-intensive ecological park will focus on the visual intelligence industry, creating a four-in-one service system for cultivation, promotion, finance, and investment [1] Group 2 - A collaborative protection mechanism involving "administrative + judicial + technical" aspects will be implemented to enhance innovation development, including a fast-track process for patent disputes [2] - The first overseas intellectual property rights protection service station in the province will be set up, along with a key industry early warning database to provide customized risk control solutions for companies going abroad [2] - Targeted legal publicity campaigns will be conducted through various formats, including case releases and protection white papers, to promote precise legal awareness [2]