On the evening of February 23, the Sixteen Measures on Co-creating a New Land of Intellectual Property Rights in Qianhai, Shenzhen and Hong Kong (hereinafter referred to as "the Sixteen Measures") jointly formulated by Shenzhen Qianhai Administration and the Commerce and Economic Development Bureau of the Government of the Hong Kong Special Administrative Region was released and implemented at the same time. This is the first time that Shenzhen and Hong Kong have worked together to promote the convergence of rules and mechanisms in the field of intellectual property rights. It will support the transformation and application of Hong Kong's intellectual property rights in Qianhai, create a cross-border service system, and help Hong Kong consolidate its position as a regional intellectual property trade center. "Article 16" has distinctive characteristics of Shenzhen-Hong Kong cooperation and focuses on the practical need for Hong Kong's intellectual property services to expand to the mainland. For example, for leading enterprises and Hong Kong universities and research and development centers that jointly set up technology transfer centers, 50% of the operating fee will be granted, with a maximum of 1 million yuan per year; Hong Kong and international intellectual property service institutions can be supported by up to 2 million yuan if they settle in Qianhai; Intellectual property service institutions use digital technologies such as blockchain to provide Hong Kong enterprises and Hong Kong residents with intellectual property certificate storage, monitoring, certification and other services, with an annual maximum reward of 200000 yuan; For Hong Kong and Macao residents practicing in Qianhai, the senior intellectual property engineer and patent management senior engineer will be rewarded with 100000 yuan each, and the patent agent qualification will be rewarded with 50000 yuan each. "The SAR government has been working in a multi-pronged way to protect intellectual property and promote intellectual property trade, including joint research, discussion and implementation of appropriate measures with Shenzhen and Qianhai. The '16' can not only assist Hong Kong's intellectual property developers, enterprises and talents in developing intellectual property related businesses in Qianhai, but also support Qianhai's intellectual property industry to use Hong Kong's unique advantages and platforms to connect the world and carry out intellectual property trade activities." Qiu Yinghua, Director of the Commercial and Economic Bureau of the Hong Kong SAR Government, believes that the "16 Articles" will further give play to the advantages of Hong Kong's regional intellectual property trade center, promote the development of intellectual property trade in the Greater Bay Area, and better integrate Hong Kong into the overall national development situation. Yang Jin, chairman and CEO of Wisteria Intellectual Property Group (Shenzhen) Co., Ltd., used "just in time" to describe the introduction of the "16 articles" and said that it had cracked the three major pain points of the current industry. "First, industrialization. To build an intellectual property highland in Qianhai that connects Shenzhen and Hong Kong, the Great Bay Area and even the world has solved the problem of service convergence and improved efficiency; second, specialization. Intellectual property is a highly integrated and complex industry, which requires a variety of talents in law, technology, finance, business and other fields. This policy has a great attraction for talents; third, internationalization. The content of the '16' is very forward-looking and holistic, which reflects both knowledge and The value of intellectual property in the market can also promote the flow of intellectual property elements around the world, so that we have strength in competition and confidence in cooperation. " Yang Jin said. It is reported that Shenzhen and Hong Kong will also promote the establishment of the Qianhai Shenzhen-Hong Kong Intellectual Property Cooperation Promotion Group, establish a number of Shenzhen-Hong Kong cooperation mechanisms such as cross-border cooperation in intellectual property protection, participation of Hong Kong jurors, and the inclusion of Hong Kong arbitrators, and form a Shenzhen-Hong Kong linkage intellectual property protection, application, and service system. (Xinhua News Agency)