FINWIRES · TerminalLIVE
FINWIRES

Xiong'an New Area Greenlit Greenlights National Protection Hub

By

Xiong'an New Area has secured state approval to launch a national-level intellectual property protection hub, according to a weekend news release.

The center, greenlit by the State Intellectual Property Office, promises a "one-stop" service for rapid patent reviews and rights protection. The move is expected to slash average patent approval times by 70%.

As preparations ramp up, officials say the center will anchor a comprehensive intellectual property system for the region. The initiative aims to drive industrial upgrades across southern Hebei and bolster Beijing-Tianjin-Hebei collaborative development.

Related Articles

Asia

MediaTek Unit Buys $29 Million Preferred Shares in Reed Semiconductor

MediaTek (TPE:2454) unit Digimoc acquired 3.22 million preferred shares in Reed Semiconductor for about $29 million, according to a Friday Taiwan Exchange filing.Shares gained about 2% in Monday's late morning trade.The shares were purchased at an average price of about $8.99 per share, giving Digimoc an approximately 4.1% stake in Reed Semiconductor.The company made the purchase as a financial investment, it said.

TPE:2454
Asia

Fitch Upgrades CICC, Unit to A- With Stable Outlook

Fitch Ratings upgraded China International Capital Corporation's (HKG:3908, SHA:601995) long-term issuer default rating to A- from BBB+, with a stable outlook.The agency also upgraded the same rating for its wholly owned subsidiary, China International Capital Corporation (International), to A- from BBB+.The ratings agency said the upgrade reflects CICC's strengthened strategic role in supporting China's capital market reforms and financial stability, underpinned by an extremely high probability of extraordinary support from the largest shareholder, Central Huijin Investment.Fitch also cited CICC's leading investment banking franchise, expanding international footprint, improving earnings, adequate capital position, and strong liquidity as key credit strengths.The stable outlook reflects Fitch's expectation that CICC will continue to benefit from strong shareholder support while maintaining its strategic importance to China's financial system.

HKG:3908SHA:601995
Asia

Kingsmen Creatives Subsidiary Faces Winding-Up Order

Kingsmen Creatives (SGX:5MZ) subsidiary, Kingsmen Projects, received a winding-up order from the High Court of Malaya, Malaysia, according to a Friday filing with the Singapore Exchange.This comes after F&C Steel Technology initiated a winding-up petition against the indirect subsidiary, related to a sum of 218,887 ringgit, along with interest and costs, for work done.

SGX:5MZ