It is learnt that enterprises in Chongqi can apply to banks for a pledge loan, by virtue of their intangible assets such as patents or other IP rights. This was expressed by officials from Chongqing Banking Regulatory Commission. It is said that the pilot work on Intellectual Property pledge loan will be started in the banks located in Chongqi. Details are being prepared.
According to the rule, the amount of IP pledge loan should be 10% to 30% of the appraised value of IP and the maximum loan gained from banks should be 300,000 Renminbi yuan and the term is 3 years.
According to the officials from Chongqing Banking Regulatory Commission, collective bonds will be selected among the enterprises in Chongqing. This is due to the limited size of the enterprises and their low ranking in credibility and the issued bonds can not meet the required amount. Now, there are more than 160,000 SMEs and about 70% of them have financing difficulties. The collective bonds can help reduce the cost of issuance and increase the refunding capabilities and credibility.
