12 ASIAN LEGAL BUSINESS CHINA • 亚洲法律杂志-中国版 SEPTEMBER 2024 COVER STORY billion) in R&D, an 8.1 percent increase from the previous year. There were 12,145 specialised and innovative “little giant” enterprises, and the number of highvalue invention patents per 10,000 people reached 11.8, up by 2.4 year-on-year. The contract value of technology market transactions stood at 6.15 trillion yuan, a 28.6 percent rise. The “new trio” of electric passenger vehicles, lithium-ion batteries and solar cells recorded total exports worth 1.06 trillion yuan, up by 29.9 percent. From start-ups to industry giants, all high-tech businesses are rapidly advancing digital transformation, actively embracing new technologies, business models and markets, achieving remarkable results. Behind each successful innovation lies an in-house team that responds to evolving regulations and compliance requirements, addresses legal and ethical risks related to new technologies, and provides strategic advice in a complex business environment. The rapid changes in the new technology field have raised the bar for in-house teams. ALB has once again turned its attention to new technology companies in the Chinese market, listing the top 15 new technology in-house teams. Hailing from diverse fields such as AI, biotechnology, medical devices, The relentless pace of innovation and advancement in cutting-edge technologies such as artificial intelligence, quantum computing and biotechnology has not only transformed individual and social life but also profoundly impacted the global economic and social landscape. Amidst great uncertainty, China is actively seeking new drivers for economic development, with technological innovation becoming the core element of developing China’s “new quality productive forces.” In late August, the National Bureau of Statistics released a set of data related to technological innovation. In 2023, China invested 3.3 trillion yuan ($465 近年来，中国的新科技公司保持着高速增长势头，产生的巨大动能深刻影响着经济社会格局。公司背后优秀的法 务团队不仅能够排除风险、减少损失，更以前瞻性的目光为公司的高速发展照明方向、铺平道路。 In the rapidly evolving landscape of technological innovation, China’s in-house legal teams are rising to meet unprecedented challenges. As the nation seeks to bolster its economic development through cutting-edge technologies, these legal professionals play a crucial role in navigating complex regulatory environments and ethical considerations. ALB’s 2024 China Top 15 New Technology In-House Teams showcases the exceptional legal departments that are driving forward China’s technological ambitions whilst ensuring compliance and risk management in fields ranging from artificial intelligence to biotechnology. RANKING BY ASIAN LEGAL BUSINESS, TEXT BY VICTOR WU 排名：《亚洲法律杂志》，作者：吴嘉林 TOP 15 NEW TECHNOLOGY IN-HOUSE TEAMS 十五佳新科技公司法务团队
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