Source: China Daily

Companies across Jiangsu have secured intellectual property-collateralized loans worth 15 billion yuan ($2.2 billion) in total over the past five years, according to the provincial IP office. The provincial authorities are encouraging financial service providers to launch more financing products, helping local small businesses to turn their IP assets into capital. Their goal is to provide 10 billion yuan in IP-collateralized loans to more than 1,000 small businesses in 2020.