• CEO: Innovation in intellectual property trading needed

    来源:china.org.cn 发布时间:2015年08月29日 21:51 点击数:0

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Boon Xie, CEO of Boao Zhongheng Network Technology Co. Ltd, told China.org.cn that intellectual property needs to be commercialized in a big way, at the 2015 China Top 500 Enterprises Summit in Nanning, capital of the Guangxi Zhuang Autonomous Region, on Aug. 23, 2015. [China.org.cn]
A top executive of an intellectual property trade platform told China.org.cn in Nanning on Sunday that intellectual property trade needs innovation in financing and commercialization.

Boon Xie, CEO of Boao Zhongheng Network Technology Co. Ltd, which operates the intellectual property trade platform WTOIP.com and intellectual property financing website I2P.com, said the full financialization of intellectual property will sustain Chinese entity enterprises and help them to form a solid core and encourage the rise of the entity economy as enterprises increase their investment in R&D.

"I think the intellectual property industry is the industry that needs financialization the most in the whole country," he said.

"The carrier vehicles of the intellectual properties are enterprises. When they increase R&D and make market deployments, the real economy will benefit because there will be constant innovation and further development, and core competence," Xie explained, "but if you use financial leverage in other aspects, the over financialization of infrastructure, investments, real estate and so on, will only make a hollow core for the Chinese entity manufacture industry."

He continued, "When enterprises resolve intellectual property issues, they think they resolve legal problems. But that's not enough. Enterprises should also resolve intellectual property financing issues, which will subsequently resolve the problem of a company's further development."

Xie's WTOIP.com has revolutionized and positioned itself to be an intellectual property trading platform and has integrated an O2O e-commerce service platform with a focus on the "exploitation of intellectual property rights" markets, and vertically integrating intellectual property services to create a new way of doing business. Its core service is based on on-line and off-line multi-directional intellectual property trading, intellectual property finance, branding, and certification services. The website I2P.com under it is a kind of crowdfunding for the intellectual property, a pretty much innovation in this area.

The executive called the enterprises and entrepreneurs who create, protect and make use of intellectual property in the new concept "intellectual property businessmen." "Only such businessmen and enterprises will innovate forever and keep on questioning themselves and exploring new business models."

According to a research report issued on Saturday at the 2015 China Top 500 Enterprises Summit in Nanning, capital of Guangxi Zhuang Autonomous Region, a total of 387 firms provided data on patents. They claimed ownership of about 531,000 patents in 2015, 12.6 percent up from before. Among them, 143,000 patents are patents for inventions, a gain of 14 percent. A total of 426 enterprises in the top 500 invested 619.81 billion yuan for R&D expenditure, growing from the previous year.

Chen Hongbing, director of the World Intellectual Property Organization Office in China, said at the summit that China has submitted the most applications for patents, trademarks and industrial designs in the world, and in terms of intellectual property going abroad, China is the number three in the world.

"It is a trend that intellectual property is going out of the country, along with Chinese commodities, investments and services," Chen said, "The Chinese government has also paid great attention to using international resources to promote the development of domestic technologies. Therefore, we can foresee that China will rise further in the global innovation system, and there will be wider prospects for cross-border intellectual property transactions, trade, and dispute resolution."

But Boon Xie said that there are constant infringements of copyrights as some foreigners or overseas Chinese grabbed the copyrights and trademarks sooner than the real Chinese enterprises, which should really own the copyrights. "Chinese enterprises have to have the sense and awareness to protect themselves and register trademarks and copyrights faster than those speculators."

Xie also said currently China's intellectual property industry lacked good talents, and there is at least 20-year gap as China lags behind developed countries and systems.

Song Liuping, vice president of Huawei Technologies Co, said the intellectual property system will help the country grow prosperous, "but the core problem is whether the nation could provide reasonable protection for innovators to give innovators motivation and encouragement."

Song also agreed there was still a long way to go for China and he pointed out that although China submits the most patents in the world, the quantity is not equal to quality. "We have to ask, when we have such large numbers, do they produce any value?"

"It is not a matter of pride to have a large number of patents, because of the cost. When the intellectual property becomes cash flow and is transformed into value, it then becomes an asset. "

Xie agreed and added, "If you don't use and commercialize the intellectual property and explore its value, then it is just certificates and legal papers, something like waste papers."