The new "Seed Law" will be implemented on March 1, and there will be...

From March 1, 2022, the newly revised Seed Law of the People's Republic of China (hereinafter referred to as the "New Seed Law") will come into effect

The new "Seed Law" focuses on four aspects

It is understood that the new "Seed Law" was deliberated and passed by the Standing Committee of the National People's Congress on December 24, 2021.

Song Min, a researcher at the Institute of Agricultural Resources and Agricultural Zoning of the Chinese Academy of Agricultural Sciences, said in an interview with the "Securities Daily" reporter: "Since the promulgation of the "Seed Law" in 2000, China's seed industry itself and the internal and external environment have undergone tremendous changes

Wang Kai, vice president of Longping High-tech Seed Industry Academy, said in an interview with the "Securities Daily" reporter: "The new substantial derivative variety system is the biggest highlight of the new "Seed Law", which is expected to completely reverse the previous "research is better than buying, buying, and Buying is better than stealing "bad money" drives out the chaos of good money, and the encouragement and protection of independent innovation and research and development of seed industry companies will rise to a new height

In terms of strengthening the protection of seed resources, Wang Yuanyuan, the head of Mengcao ecological research and development, said in an interview with a reporter from Securities Daily: "The new "Seed Law" proposes to focus on the collection of rare, endangered, unique resources and characteristic local varieties, and strengthen the Quality resources protection', once again strengthened Mengcao Ecology's confidence in doing a good job in the characteristic seed industry

Talking about the four major aspects that the new "Seed Law" focuses on, Song Min believes that: "First, with the extension of the seed industry innovation chain, through the establishment and implementation of a substantial derivative system, the innovation of the parties involved in the breeding innovation chain will be protected.

How much does it affect listed companies?

The new "Seed Law" was officially implemented, bringing policy spring breeze to the development of seed industry companies

Song Min also said that under the protection of the intellectual property protection system, the technological innovation power of seed industry companies has been continuously enhanced, and seed industry companies are expected to surpass scientific research units and become the main force in the application of new plant variety rights

"The company insists on high-intensity R&D investment.

Germplasm resources are material carriers with genetic codes, and are of great value for cultivating new varieties

Listed companies Fengle Seed Industry and Quanyin Hi-Tech also responded to the significance of the implementation of the new "Seed Law" on the company's development on the investor interactive platform