The Ministry of Science and Technology (China), the China Banking and Insurance Regulatory Commission, the Ministry of Industry and Information Technology, and the China National Intellectual Property Administration have issued 20 policy measures to support high-level technological self-reliance and innovation.
By 2025, technology insurance in China covered around 8 trillion yuan ($1.15 trillion) in innovation, an increase of 44 percent, thereby enhancing insurance's role as an economic stabilizer.
The measures propose a comprehensive insurance system that covers the full innovation cycle, including support for high-tech small and medium-sized enterprises, with a focus on risk prevention and systemic protection.
Special emphasis is placed on intellectual property insurance, which is key to protecting innovation and crucial for the competitiveness of tech enterprises, with the aim of mitigating legal risks and enforcement costs.
Local governments are urged to design policies that align with regional industry characteristics, particularly in emerging fields such as AI and autonomous driving, to help strengthen financial support for innovation.
Overall, the measures aim to build a more comprehensive intellectual property service system and ensure that technology insurance supports China's self-reliance and innovation-driven development.
