Intellectual Property Key to Business Development in Xiamen

2018/07/05

Intellectual property has become a strong engine to empower the business development of and regional cooperation in Xiamen, one of China's special economic zones in East China's Fujian province.
According to the city's three-year plan that focuses on the development of the IP industry from 2017 to 2019, Xiamen will build a new IP-themed town inside the city that will have a world IP-themed park, a specific area for the IP service industry and industrial parks for pilot IP projects.
Xiamen was chosen last year by the central government to run the nation's only pilot project regarding the business operations of IP rights along the Belt and Road countries and regions.
As a result, the city government set up a Belt and Road IP operation and investment fund, with a startup fund of 80 million yuan ($12.1 million), to lead the domestic investment to potential IP projects in countries and regions taking part in the initiative.
When it is officially launched in 2020, the scale of the fund is expected to reach 6 billion yuan, which might then join the Silk Road Fund, a strategic development fund that targets investment opportunities arising from China's Belt and Road Initiative.
Source: China Daily