China’s Shanghai Technology Exchange (STEX) expands its reach by planning a Hong Kong branch to facilitate cross-border technology transfer, aiding domestic firms in accessing global knowledge. Supported by China’s Ministry of Science and Technology and the Shanghai municipal government, STEX serves as a platform for mainland companies to procure technology-related intellectual property rights, crucial for China’s digital economy.
Transactions reaching 7.1 billion yuan this year underscore STEX’s pivotal role. Alongside national-level exchanges like China Technology Exchange, STEX aligns with government initiatives, fostering innovation and contributing to China’s broader economic transformation in the digital age.
