The provincial IP authority recently announced that 21 companies from 18 cities in the province received patent-pledged loans last year, with a total value of 403.4 million yuan ($64.9 million) and more than 360 patents involved. Eight banks in the province currently provide the patent pledge financing service. So far 66 local companies have used the service, with loans valued at 1.3 billion yuan.

(Source: China Daily)