An intellectual property rights (IPR) transaction center was established in Shanghai.The center will support IPR evaluation, transfer quotation, transaction authentication, settlement, trusteeship registration and financing.
Shanghai has seen a growing number of IPR applications in recent years. During the first 11 months of 2016 the city received 105,000 patent applications, a rise of 22.6 percent from a year before.The center will improve the exchange system and policies and assist monetization of intellectual property rights, offering discounted services to small and mid-sized enterprises.

Source: Xinhua