The People's Bank of China and China Banking Regulatory Commission recently issued the Guiding Opinions on Further Adjusting the Credit Structure to Promote the Rapid yet Steady Development of the National Economy.  

Under the Opinions, play the supporting role of technology in expanding domestic demand, encourage and guide financial institutions to support companies' innovation, make good use of various government funds, fiscal discounted interest to invest in state engineering technology centers, key labs, high tech industry clusters, high tech demonstration projects, high tech commercialization projects, innovation commercialization projects.  Inspire innovation capacity of companies, promote commercialization of innovations, explore of pledging loans of IPRs and brands, support projects such as Light Torch and Sparks.

(China IP News)