400M Yuan IP Pledge Loan Granted Beijing

As announced during the 10th China International High Tech Fair, the bold attempt of the Bank of Communications' Beijing Branch in IP pledge loan in the past two years paid dividend.  As of end August, the Bank granted such loan 44 times to 37 companies.  Of the total 402.75 million yuan dished out, 57.45 million yuan were for patent, 243.3 million yuan for trademark and 102 million yuan for copyright.  All borrowers paid back as scheduled.  No single toxic loan ever occurred. 

The Bank made its first move on November 31, 2006 when making IP pledge loan available for SMEs. 

(China IP News)

2013-07-17