Recently, the China National Intellectual Property Administration (CNIPA) and the China Construction Bank (CCB) signed a cooperation agreement in Beijing on enhancing intellectual property rights (IPR) financial cooperation and jointly supporting innovation-driven development. The CNIPA Commissioner Shen Changyu and the CCB Chairman Tian Guoli attended the signing ceremony and each delivered a speech. Gan Shaoning, Deputy Commissioner of the CNIPA, and Zhang Min, Vice President of the CCB, signed the cooperation agreement on behalf of the two parties.

Shen Changyu said that the CPC Central Committee attaches great importance to financial support for innovation and the real economy, and General Secretary Xi Jinping has made important instructions in this regard on many occasions. As explicitly proposed in the 15-year plan (2021-2035) on the development of intellectual property rights and the 14th Five-Year Plan, active and prudent steps should be taken to promote IPR finance. In recent years, the CNIPA has been earnestly implementing the decisions and plans of the CPC Central Committee and the State Council and actively promoting patent and trademark pledge financing, which have benefited many enterprises. The cooperation between the two parties will bring their strengths into full play, increase financial support, and better empower the small and medium-sized enterprises and the real economy.

Tian Guoli stated that the CCB has been actively advancing IPR finance services in recent years by resolutely implementing the spirit of General Secretary Xi Jinping's important instructions on enhancing the "three abilities" of banks and adhering to the concept of "integrating technology into finance". It has formed a systematic solution to improve the enterprises' capacity for independent innovation by paying attention to the number of their patents rather than that of their construction projects. The signing of this Agreement is an important initiative for each party to implement the spirit of the sixth plenary session of the 19th CPC Central Committee and boost the real economy. The CCB will take this as an opportunity to promote the integration of IPR and financial service on a full scale and continue to optimize the ecology of IPR finance.

It is known that the two parties are expected to cooperate in seven major aspects: increasing support for the credit of small and micro businesses, developing specialized products, researching IPR valuation, building service platforms, organizing matching activities, creating cooperative models, and enhancing data sharing.

Persons in charge of corresponding departments of the CNIPA and the CCB also attended the signing ceremony.(Translated from CNIPA Website Chinese Version)