In July 2023, Huangpu district released the "Implementation Plan for Deepening the Application and Protection of Intellectual Property Rights (IPR) in Sino-Singapore Guangzhou Knowledge City Comprehensive Reform (2023-27)", initiating a new round of comprehensive IPR reform.

A robotaxi in service in Shenzhen, Guangdong province. CHINA DAILY
The Guangzhou Development District (GDD) places great emphasis on intellectual property (IP) services, annually investing over $14 million in financial support for innovation entities and service organizations, fostering the development of advanced manufacturing and modern service industries.
On Nov 28, Huangpu district announced the implementation of the Guangzhou Huangpu District Comprehensive Reform Experiment, which focuses on deepening the use and protection of intellectual property rights (IPR).
In a remarkable stride in the field of intellectual property (IP) collateral financing, Guangzhou's Huangpu district registered an encouraging surge, reaching $1.09 billion in the first half of the year.