Source: China Daily

The Shanxi government recently rolled out a new regulation on government financial aid for patent-collateralized loans, aimed at helping local tech companies relieve financing pressure. According to the regulation, a special fund established by the provincial government will be used to cover loan interest, as well as other fees for insurance, guarantees and assessment. Applicants for the fund, if they can meet the requirements, will be funded up to 200,000 yuan ($28,210).