IPR pledge loans

The China Banking Regulatory Commission (CBRC) and Ministry of Science and Technology (MOST) recently jointly issued the "Guidance on Further Increasing Credit Support for Technology-based Small- and Medium-sized Enterprises". According to the guidance, CBRC will further improve related policies on financing support for hi-tech SMEs and promoting businesses with IPR pledge loans.(SIPO).

The guidance provides that the science and technology departments and banking supervision organ should improve the cooperation mechanism, promote the establishment of a scientific and reasonable risk-sharing system, and guide the banks to further increase credit support for hi-tech SMEs.

CBRC said related departments will also integrate scientific and technological resources and establish risk compensation funds for technology-based SMEs.

(Source：IPR in China)

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