After one year of construction, China (Hangzhou) Intellectual Property Protection Center was finally accepted by the expert group based on on-site inspection yesterday morning, opening a new chapter of intellectual property protection in Hangzhou.

From January to July this year, the number of newly-granted patents in Hangzhou reached 13,976 with a year-on-year growth of 79.4% and the number of applications for PCT international patent reached 1,147 with a year-on-year growth of 21.25%. From January to August this year, the amount of patent pledge financing reached 9.16 billion yuan with a year-on-year growth of 82.21% and the amount of trademark pledge financing reached 1.99 billion yuan with a year-on-year growth of 285.9%.