Source: China Daily

The provincial capital Chengdu will be home to more than 10,000 intellectual property-focused companies by 2020, according to plans for IP protection and utilization recently unveiled by the city's science and technology authority. By the same year, the local government will also have set up a fund of at least 2 billion yuan ($300 million) for IP operation and a risk capital pool of 5 billion yuan for IP credit loans.