A subsidiary of the People's Insurance Company of China in Dongyang insured 15 invention patents owned by four local companies, with a combined premium of nearly 560,000 yuan ($91,200), the first of its kind in the city. During the signing ceremony, Tao Liqin, an IP expert at China Jiliang University, spoke about the significance and role of patent insurance with more than 80 representatives from local high-tech companies.

(Source: China Daily)