The Chinese National Intellectual Property Administration (CNIPA) has announced a forthcoming expansion of its intellectual property pledge financing structure.
The current IP pledge financing network requires companies to “pledge” their intangible assets in order to generate funds.
Chinese state media cited that innovation firms based in China benefit from financing support through the pledge, including a reduced capital shortage and advanced IP rights market transformation.
Furthermore, at a recent press conference, a spokesperson from CNIPA noted that newly pledged patent and trademark financing value totalled $8.48 billion in the first half of 2019, a year-on-year increase of 2.5 percent.
In the extension, CNIPA will collaborate with financial departments, including the China Banking and Insurance Regulatory Commission, to improve pledge loans, develop a credit approval system and an interest price pricing mechanism, and release relevant policies.