According to the provincial administration for industry and commerce, 1,019 trademarks in the province were collateralized for nearly 10.5 billion yuan ($1.7 billion) by March. In the first three months of the year, 20 companies won up to 336 million yuan in trademark-pledged financing. The province will further its trademark pledges as local enterprises that have influential trademarks still need capital to develop and grow, according to a spokesperson from the administration.

(Source: China Daily)