Since 2011 when Kunming initiated to render IP-collateralized loans, six local companies have already signed loan agreements with Fudian Bank, a provincial joint-stock commercial bank, using their intellectual property rights as collateral to secure 41.5 million yuan worth of loans.

Kunming Intellectual Property Office has been making efforts in improving IP pledged financing policies and providing better services, particularly in assisting banks to identify potential enterprises, helping banks and enterprises to select IP asset evaluation agencies, and supporting banks and guarantee companies to get patents transferred.

Besides Fudian Bank, other banks such as Agricultural Bank of China plan to start the business soon.

(Source: IPR in China)