Group 1 - The Hong Kong Monetary Authority, in collaboration with the Hong Kong Commerce and Economic Development Bureau and the Hong Kong Intellectual Property Department, has launched an Intellectual Property Financing Sandbox [1] - Major banks including Bank of China (Hong Kong), HSBC, and Standard Chartered Bank (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 Intellectual Property Financing 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 sandbox provides a collaborative and risk-controlled environment for banks, intellectual property valuation institutions, legal practitioners, and other relevant professionals to test financing arrangements based on intellectual property assets such as patents, trademarks, and copyrights [1] - Banks can gain support from cross-disciplinary professionals and guidance from the Hong Kong Monetary Authority, the Hong Kong Commerce and Economic Development Bureau, and the Hong Kong Intellectual Property Department to develop and refine their intellectual property financing arrangements [1]