Regulation Rolled Out to Relieve Pressure

Regulation Rolled Out to Relieve Pressure


The Shanxi government recently rolled out a new regulation on government financial aid for patent-collateralized loans, aimed at helping local tech companies relieve financing pressure. According to the regulation, a special fund established by the provincial government will be used to cover loan interest, as well as other fees for insurance, guarantees and assessment. Applicants for the fund, if they can meet the requirements, will be funded up to 200,000 Yuan (USD 28,210).

People watch

It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.