Group 1 - The Hong Kong Monetary Authority, along with the Commerce and Economic Development Bureau and the Intellectual Property Department, has launched an Intellectual Property Financing Sandbox [1] - Major banks including Bank of China (Hong Kong), HSBC, and Standard Chartered (Hong Kong) are among the first participants in the sandbox [1] - Several companies in the biotechnology and electronics sectors are interested in participating in the sandbox to test intellectual property financing transactions [1] Group 2 - The sandbox aims to assist pilot industries in utilizing intellectual property assets for financing, as outlined in the Chief Executive's 2025 Policy Address [1] - The Hong Kong Monetary Authority states that the sandbox provides a collaborative and risk-controlled environment for banks, intellectual property valuation firms, legal practitioners, and other relevant professionals to test financing arrangements based on intellectual property assets such as patents, trademarks, and copyrights [1] - Through the sandbox, banks can receive support from cross-disciplinary professionals and guidance from the Hong Kong Monetary Authority, the Commerce and Economic Development Bureau, and the Intellectual Property Department to develop and refine their intellectual property financing arrangements [1]