The SIPO, Ministry of Finance, Ministry of Human Resources and Social Security, All- China Federation of Trade Unions, the Central Committee of Communist Youth League jointly issued Opinion on the Further Strengthening of Intellectual Property Use and Protection of Boosting Innovation and Entrepreneurship (the Opinions).

The Opinions proposed 14 concrete measures in 7 aspects to further strengthen IP use and protection to stimulate enthusiasm of innovation and entrepreneurship as well as to protect the results of innovation and entrepreneurship.

The Opinions also look for ways to help startups with the protection of their intellectual property. More channels will be explored and provided to realize the value of intellectual property, such as providing financial services and products for asset securitization and patent insurance. Banks and institutional investors will be expected to provide loans for qualified startups.