Source: People's Daily Online
On June 1, 2021, CTEX- ZOL Changjiang-1-10 IP Assets-backed Securitization Project was kicked off at China Technology Exchange (CTEX) (Beijing Intellectual Property Exchange Center). It was the first patent securitization of Beijing, which was launched with a deal size of 1 billion RMB.
Mr. Zhang Jinsong, Deputy Secretary of the People’s Government of Beijing Municipality, said that the project approved by the CTEX has filled in the gap of the patent securitization in Beijing, and it has practical significance of further exploring the IP value of the local enterprises, broadening the financing channels for the high-tech companies, and promoting the IP financing innovations. With a focus on improving the IP financing and the related service, Mr. Zhang encouraged the districts of Beijing to further develop the policies of supporting the IP financing. The financial institutions, the IP exchange and trading institutions shall be motivated to seek the business models of IP securitization that can be reproduced and popularized. On such basis, the IP financing service will be maintained as convenient and safe.
Beijing, a model city of IP service of China, takes a leading role in the areas of IP protection, the use of IP assets, the IP financing service, Ms. Lei Xiaoyun, Director of IP Utilization and Promotion Department of the China National Intellectual Property Administration (CNIPA) said. This new project belongs to the innovative IP financing at IP exchange institutions, which is conductive to build Beijing into an international scientific and technological innovation city and develop the high-sophisticated industries.
The IP-backed securitization will further broaden the financing channels for the high-tech enterprises, and play its positive role in increasing R&D investment, making good use of IP assets, and encouraging the innovations, Mr. Yan Guorong, CEO of Ronglian Group Ltd., said.
