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China's first insurance product for the creative industry - copyright trading insurance - was unveiled in the capital recently.
Jointly developed by Cinda Property and Casualty Insurance Co Ltd and the Beijing Oriental Yonghe International Copyright Trade Center, the insurance is designed for copyright transactions.
If policyholders are defrauded by a fake copyright and then have claims filed against them by actual copyright owners, the insurance firm will offer compensation for the loss due to unintended infringement, as well as legal fees.
Internet portals Sina, Youku and Ku6 were the first to take out policies.
Applicants file as 'top 10 copyright figures'
An annual awards list of the top 10 Chinese copyright figures is expected to be announced in December.
Signup for the honor began week ago and will last three months.
Huayi Brothers Media, copyright owner of a series of well-known Chinese movies - including the Aftershock blockbuster now at cinemas - submitted an application for the award last Wednesday.
The event was founded in 2008.
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