PR99618

SHENZHEN, China, Feb. 27, 2023 /Xinhua=KYODO JBN/--

The 16 Co-operation Measures for the Development of the Qianhai Shenzhen-Hong

Kong Intellectual Property and Innovation Hub (16 Measures), jointly

promulgated by the Authority of Qianhai Shenzhen-Hong Kong Modern Service

Industry Cooperation Zone of Shenzhen Municipality and the Commerce and

Economic Development Bureau of the Government of the Hong Kong Special

Administrative Region, became effective on February 23. This move not only

signifies an upgraded level of cooperation between Shenzhen and Hong Kong in

the area of intellectual property (IP), but also marks Qianhai's advanced steps

towards both the "construction of a primary-choice location for Hong Kong's

integration into national development" and an intellectual property and

innovation hub.

It is understood that the 16 Measures cover initiatives in four key areas:

promoting the harmonization of IP rules and systems between Shenzhen and Hong

Kong, supporting the exploitation and transformation of Hong Kong's IP in

Qianhai, fostering cross-boundary IP services, and developing the Qianhai

Shenzhen-Hong Kong IP and Innovation Hub. Under the 16 Measures, any technology

transfer center, jointly set up by a leading company and a Hong Kong University

or R&D center, will be subsidized with 50% of the actual operational expenses

(up to 1 million yuan per year). Additionally, any Hong Kong or international

IP service provider who settles in Qianhai will be entitled to a subsidy of up

to 2 million yuan.

Some analysts say that the 16 Measures will effectively assist Hong Kong IP

service providers to tap the mainland market by utilizing Qianhai as a

"bridgehead". Also of note, the IP industry businesses already in Qianhai could

draw on Hong Kong's unique advantages and platforms to connect with

international markets and accelerate their own development.

Victor YANG, President and CEO of Purplevine IP Group (Shenzhen) Co, Ltd., said

that the 16 Measures are likely to accelerate the process of Qianhai businesses

establishing themselves in this area.

Victor characterizes the 16 Measures as forward-looking, and that they embody a

broader perspective. One of the important guiding directions is to encourage

and support IP operations, which enables the value of IPs to be greater

reflected in the marketplace. The 16 Measures provide highly targeted

initiatives. "Through unified design of top-level systems and rules, the

'isolated island' has been connected." The establishment of an IP and

innovation hub in Qianhai that is connected with Shenzhen, Guangdong-Hong

Kong-Macao Greater Bay Area (GBA), and effectively to the rest of the world,

will solve the issue of connecting and clustering services, resulting in

increased efficiency. The new hub will attract essential talent to meet the

demands for IP service professionals specialized in law, technology, finance,

business, etc.  

Statistics show that in 2022, Qianhai businesses obtained 21,742 new patent

authorizations, submitted 762 PCT applications, and owned 11,864 valid

invention patents. A holistic protection system, covering judicial,

administrative, arbitration, notary, and legal services related to intellectual

property is taking shape in Qianhai.

Source: Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry

Cooperation Zone