It is the first COVID-19 vaccine patent granted by China, state-owned newspaper People’s Daily reported on Sunday.

The paper cited documents published by China’s National Intellectual Property Administration saying that the patent was issued on Aug. 11.

Saudi Arabia said this month it plans to begin Phase III clinical trials for the CanSino vaccine. CanSino has said it is also in talks with Russia, Brazil, and Chile to launch Phase III trials in those countries, Reuters reported.

Cansino’s Hong Kong shares rose around 14% in Monday’s morning session. Its Shanghai shares rose by 6.6% as of midday.