Source: China Daily

Six organizations, including provincial financial supervision and intellectual property authorities, signed an agreement on IP-collateral financing recently. According to the agreement, financing bonding companies; scientific and technological finance service organizations; banks and asset appraisal bodies share risks of IP collateral financing in the proportion 4:3:2:1. The province saw its patent-collateralized financing reach about 1.22 billion yuan ($172.8 million) in 2019, a year-on-year rise of 35.3 percent.