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Zhuhai sets up fund to boost city's pledges

2016/07/28

The Zhuhai government has decided to set up a risk compensation fund of 40 million yuan ($5.9 million) for intellectual property pledge loans, the first of its kind in the city. The fund is expected to push the total value of the city's IP pledges beyond 400 million yuan by 2020. Zhuhai currently has a very low success rate in using IP rights as collateral. Among its more than 20,000 valid patents, only 78 have been collateralized.


Source: China Daily




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