Puyang city plans to set up a 1 million yuan ($161,100) fund for intellectual property financing to encourage innovation by local small and mid-sized companies. The city's IP offices said the fund would be used to organize related training and serve as subsidies for corporate IP asset evaluation and IP-collateralized loan interest. According to the plans, IP loans worth about 200 mil-lion yuan will be granted in five years.

　　(Source: China Daily)