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The patents reveal the extent of China's digital currency plans. The patents, seen and verified by the Financial Times, include proposals related to the issuance and supply of a central bank digital currency, a system for interbank settlements that uses the currency, and the integration of digital currency wallets into existing retail bank ...
China's central bank, the People's Bank of China (PBOC), began research on the digital currency in 2014 under the leadership of Governor Zhou Xiaochuan. [9] [2] In 2016, Fan Yifei, a deputy governor of the PBOC, wrote that "the conditions are ripe for digital currencies, which can reduce operating costs, increase efficiency and enable a wide range of new applications". [10]
Just prior to the Cultural Revolution, China completely abolished its patent regulations. [2]: 17–18 In 1985, China acceded to the Paris Convention for the Protection of Industrial Property, followed by the Patent Cooperation Treaty in 1994. [4] When China joined the World Trade Organization (WTO) in 2001, it became a member of the TRIPS ...
This is the first in a series of reports on Chinese intellectual property as Beijing seeks to make IP protection a central part of its new development strategy. Shenzhen University, a relatively ...
'American yuan') in Chinese, and the euro is called Ouyuan (simplified Chinese: 欧元; traditional Chinese: 歐元; pinyin: Ōuyuán; lit. 'European yuan'). When used in English in the context of the modern foreign exchange market, the Chinese yuan (CNY) refers to the renminbi (RMB), which is the official currency used in mainland China.
To streamline the patent application process for patentees filing under both the Chinese and United States systems, the State Intellectual Property Office of the People's Republic of China (SIPO) and the U.S. Patent and Trademark Office (USPTO) established a Patent Prosecution Highway (PPH) pilot program on December 1, 2011.
The Chinese National Currency (CNC), [1] often transliterated as fapi [2] or fabi [a] [3] or translated as Legal Tender Note, [4] was the currency of China between 1935 and 1948. [4] [3] Introduced in the 1935 currency reform, the currency was initially issued by the Central Bank, the Bank of China, the Bank of Communications and later the Farmer's Bank of China.
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