Intellectual Property Used as Collateral for Loans

2017/09/19

Altogether 267 enterprises in Shanghai's Pudong district have benefited from a novel policy that allows them to apply for loans from banks using patents, trademarks, and copyrights as collateral, Shanghai Pudong New District Intellectual Property said recently. This is the first time in the country that intellectual property can be used as a form of assets in addition to factory buildings and land for business to apply to borrow money from banks.
The policy is among the gains brought by a pilot reform beginning in 2015 in Pudong, where the district bureau has since been responsible for the administrative management of all of patents, trademarks, and copyrights and their acceptance of application and approval. Different government authorities used to be responsible for each of them.

Source: SIPO