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Patent-collateralized loan

2013/04/12

China Everbright Bank in Qingdao recently issued the city's first patent-collateralized loan with a 10 million yuan ($1.61 million) line of credit. The borrower is a local biotech startup involved in the research, production and sale of aquatic feed. A statement from the bank said the loan is the result of the company's huge market potential. It generated more than 110 million yuan in sales last year, 10 times the amount four years ago.

(Source: Qingdao Daily)




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