On December 5, 2018 the "Patent Law Amendment (Draft) of the People's Republic of China” was passed at the State Council Executive Meeting.

It’s decided that a new round of 23 reform measures will be applied to wider scope nationwide, which will mainly include:

1. Strengthening the incentives for the transformation of scientific and technological achievements. The management personnel and scientific research personnel of public institutions are allowed to hold equity in the form of “technical stocks + cash stocks”.

2. Innovative technology and financial services, which provide financing channels to small and medium-sized technology enterprises, including asset-light and unprofitable enterprises; promoting the investment of government equity funds in seed stage and start-up technology enterprises.

3. Improving scientific research management: promoting the use of state-owned scientific research equipment in a market-oriented manner to achieve open sharing and establishing a mechanism for error tolerance in decision-making.

The draft will be submitted to the Standing Committee of the National People's Congress for deliberation.

(Source: China Government Network)