QINGDAO, July 8 (Xinhua) -- The International Copyright Fair 2019 concluded in the city of Qingdao in eastern China's Shandong Province Sunday, with projects worth 14 billion yuan (about 2 billion U.S. dollars) inked.

Projects signed at the fair include the establishment of a 10-billion-yuan fund focusing on intellectual property (IP) industry.

"In the new era, copyright and other IP rights have been playing more important roles in the development of the economy and society," said Yan Xiaohong, president of the Copyright Society of China, adding that the fair attracted more important international and domestic IP products and institutions.

Diverse forums featuring IP rights and exhibitions were held during the three-day fair. Over 300 companies in the industry attended the exhibitions from home and abroad.

The fair kicked off on Friday, guided by the National Copyright Administration of China and organized by the provincial copyright bureau and the municipal government.