642. First, we would like to thank Switzerland and other co-sponsors for submitting this proposal. As is the case in many Members, MSMEs are critical to China's society and economy. They create jobs, spur innovation and promote sustainable growth. Particularly during the time of pandemic, the recovery and development of MSMEs is crucial for China's economy recovery. So we have taken many measures, including IP measures, to advance the innovation and development in MSMEs, not only in green tech fields, but also in other areas.
643. Firstly, China helps MSMEs to optimize IP management and encourages to build intellectual property service companies which can help MSMEs to set up their IP management system. We assist MSMEs to reduce their cost of operation and enhance their IP management ability. In addition, China National IP Administration and other government authorities issued the national standard on IP Management for Enterprises. The document gives practical reference for MSMEs to build their IP management system in the whole process from project initiation, R&D, procurement, production, sales to post-sales services.
644. Secondly, China has made efforts to address the difficulty of MSMEs in IP financing. By facilitating IP pledge registration procedures, the IP pledge and financing system have been greatly improved. During the COVID-19, we establish green channel for patent and trademark pledge registrations, enterprises' applications for IP pledge could be immediately processed, thus, to help enterprises to get rapid financing.
