Seven patents from the United States and Hong Kong will be among 307 items auctioned in Beijing in October.

"They are all patents in the consumer electronic field and have good prospects for application," said Li Zhonghua, assistant president of the China Technology Exchange, one of the auction's organizers.

It will be second session for the auction following its inauguration at the end of last year, when 41 percent of patents on auction were sold at an average price close to 110,000 yuan ($17,206).

(Source: China Daily)