Eleven companies in Handan city have insured 66 patents with a total cover of 1.09 million yuan ($177,233) since Handan became a national patent insurance pilot city in February. "Each patent involved in a lawsuit can get a settlement of claims up to 40,000 yuan," said Song Zebo, director of the city's IP office. The local government earmarked 300,000 yuan as patents insurance subsidies this year.

(Source: China Daily)