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Using IPR as surety for bank financing
Source: Xinhua |
November 16, 2009, Monday
|
Print Edition
Print Edition
CHINA has launched a national pilot project to provide loans to companies that are eligible to put up their intellectual property rights like patents as collateral.
At last Friday's launching ceremony in Guangzhou, capital of the southern Guangdong Province, six Chinese lenders, including the Industrial and Commercial Bank of China and China Construction Bank, signed agreements to offer 1.30 billion yuan (US$186.8 million) in loans to 18 enterprises.
The State Intellectual Property Office had decided to launch similar projects in cities including Shanghai and Beijing, said Ma Weiye, director of the patent management department under the SIPO.
"In these cities, both banks and enterprises have a strong demand for IRP-backed loans," said Ma. "This is very good because the purpose of China's IPR strategy is to raise the application of patents."
Previously, banks in China offered mortgage loans on assets like plant and equipment, making it hard for technological innovation-oriented firms to get bank financing.
Luo Zhizhao, head of a cable maker in Guangzhou, said his firm would get a 10 million yuan loan from bank under the project.
At last Friday's launching ceremony in Guangzhou, capital of the southern Guangdong Province, six Chinese lenders, including the Industrial and Commercial Bank of China and China Construction Bank, signed agreements to offer 1.30 billion yuan (US$186.8 million) in loans to 18 enterprises.
The State Intellectual Property Office had decided to launch similar projects in cities including Shanghai and Beijing, said Ma Weiye, director of the patent management department under the SIPO.
"In these cities, both banks and enterprises have a strong demand for IRP-backed loans," said Ma. "This is very good because the purpose of China's IPR strategy is to raise the application of patents."
Previously, banks in China offered mortgage loans on assets like plant and equipment, making it hard for technological innovation-oriented firms to get bank financing.
Luo Zhizhao, head of a cable maker in Guangzhou, said his firm would get a 10 million yuan loan from bank under the project.
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