On November 13th 2014, the opening ceremony for the Chinese National Copyright Trade Center (Shanghai) and the first China (Shanghai) Pilot Free Trade Zone Culture Licensing Fair (CCLF) was successfully held in the pilot free trade area (PFTA) in Shanghai. It is reported that the National Copyright Administration of the People’s Republic of China officially approved on September 28th to establishthe first National Copyright Trade Center in Shanghai PFTA , also being the first one in the Yangtze River Delta region.

In recent years, Shanghai witnessed a rapid development regard to copyright industry. In 2012, the added value of the copyright industry in Shanghai exceeded 200 billion yuan for the first time, among which, the added value of the core copyright industry accounted for 61.5%. Industry insiders believe that the establishment of the National Copyright Trade Center in Shanghai PFTA will further motivate the copyright industry in the PFTA as well as Shanghai as a whole.

(Source: China IP Magazine)