Group 1 - The core viewpoint of the news is the successful issuance of the first "dual-label" intellectual property asset-backed securities (ABS) in the central and western regions of China, which is significant for innovation and demonstration [1] - The issuance scale of the Huake Chuanghe ABS Phase 1 is 100 million yuan, with a coupon rate of 2.79%, backed by intellectual property from eight high-tech enterprises [1] - Shaanxi Guotou A has actively participated in this project by establishing an intellectual property asset service trust, which opens a new path for financial support to technology innovation enterprises [1] Group 2 - Shaanxi Guotou A has previously engaged in the exploration of intellectual property ABS to help technology innovation enterprises broaden financing channels and enhance their innovation capabilities [2] - The company's 2024 annual report outlines a clear operational plan for 2025, focusing on innovative products like intellectual property service trusts to form a differentiated product system [2] - The company aims to leverage its trust advantages to continuously improve the intellectual property financial service system and support technology innovation and transformation of technological achievements [2]

Group 1: Financial Support for Technology Enterprises - As of the end of May, the balance of financial "five major articles" loans reached 103.32 trillion yuan, a year-on-year increase of 14%, with technology loans accounting for 43.3 trillion yuan, up 12% [2] - The People's Bank of China and other regulatory bodies have introduced new policies and tools to support technology enterprises, enhancing credit supply and diversifying financing paths [2] - The establishment of financial asset investment companies (AIC) is seen as an effective means for commercial banks to meet the financing needs of technology enterprises through market-oriented debt-to-equity swaps and equity investments [3][4] Group 2: Expansion of Financial Asset Investment Companies - The pilot program for AICs has been expanded from Shanghai to 18 cities, with signed intention amounts exceeding 380 billion yuan [3] - AICs are evolving beyond addressing non-performing assets to play significant roles in venture capital, equity investment, and corporate restructuring [4] - The expansion of AICs requires banks to enhance their internal mechanisms, including investment decision-making and risk management systems [4][5] Group 3: Innovation in Bond Market for Technology Financing - The establishment of a "technology board" in the bond market aims to better support technology innovation by allowing various institutions to issue technology innovation bonds [6][7] - By June 30, 288 entities had issued approximately 600 billion yuan in technology innovation bonds, with over 400 billion yuan from the interbank market [7] - Banks are encouraged to innovate bond products, such as floating-rate technology bonds, to enhance their attractiveness [8] Group 4: Growth of Intellectual Property Financing - In 2024, banks issued a total of 255.57 billion yuan in intellectual property pledge loans, marking a 33.4% year-on-year increase [9] - The financial management departments have implemented policies to enhance financial services for technology enterprises, including pilot programs in various provinces [9][10] - There are ongoing efforts to improve the evaluation and risk-sharing mechanisms for intellectual property financing, which are crucial for addressing the financing challenges faced by technology enterprises [11]

Group 1 - The conference focused on deepening innovation in intellectual property finance, with three main pillars: product release, mechanism construction, and service upgrade [1] - The event aimed to promote intellectual property pledge financing, securitization, insurance, and value assessment products, while signing the "Qin Zhi Loan" special cooperation agreement to provide institutional support for the construction of the intellectual property finance ecosystem [1] - The conference included various sessions such as thematic reports on intellectual property finance, provincial financial policy interpretation, and the release of specialized service products, aiming to build a diversified financial service system [1] Group 2 - The company emphasized the importance of intellectual property as the cornerstone of innovation and financial capital as the lifeblood of the real economy [2] - As a comprehensive investment institution, the company integrates financial capital with the entire intellectual property service chain, supporting the commercialization and industrialization of intellectual property for technology-based enterprises [2] - The company aims to play multiple roles as a resource integrator, value discoverer, and ecosystem builder, while exploring innovative paths for transforming intellectual property into assets, contributing to the development of a knowledge property finance hub in the context of the Belt and Road Initiative [2]

Financial Support for the Real Economy - A series of financial policies have been implemented to support key sectors of the real economy, including credit trials and innovative insurance mechanisms, leading to a positive economic recovery [1][3] - The cumulative visit to over 67 million small and micro enterprises has facilitated the coordination of financing mechanisms [1] Intellectual Property Financing Innovations - The first knowledge property pledge customs guarantee letter was issued in Sichuan, allowing a company to use its core patents to expedite customs clearance [1][2] - As of the end of March, the balance of intellectual property pledge loans in Sichuan increased by 4.48% year-on-year, with a 30.97% increase in the amount issued during the year [2] Support for Small and Micro Enterprises - The "no principal repayment renewal loan" policy has been expanded to all small and micro enterprises, with banks providing a total of 4.4 trillion yuan in renewed loans to meet financing needs [2][3] - The loan balance for high-tech enterprises reached 17.7 trillion yuan by the end of the first quarter, reflecting a 20% year-on-year growth [3] Investment Tools for Technology Enterprises - The establishment of the Chengdu Jiazi Industrial Fund aims to invest in seed and early-stage enterprises in intelligent manufacturing and new energy sectors [3][4] - A total of 74 private equity investment funds have been set up, with signed intention amounts exceeding 380 billion yuan [4] Innovative Insurance Products - The introduction of short-term export credit insurance has provided coverage for foreign trade enterprises against uncertain risks, with over 240 billion USD in insured amounts in the first quarter [5][6] - The "cross-border e-commerce insurance" product has been developed to address challenges faced by cross-border e-commerce companies, enhancing their procurement capabilities [6] Overall Economic Policy Impact - The comprehensive financial policy measures are designed to address immediate issues while promoting long-term sustainable development, thereby boosting confidence and stabilizing expectations in the economy [7]

Core Viewpoint - The article discusses the development of intellectual property (IP) finance in China, highlighting the rapid growth of IP pledge loans and the challenges faced in evaluation, risk control, and disposal of IP assets [2][4]. Group 1: Growth of Intellectual Property Finance - In 2024, banks issued a total of 255.57 billion yuan in IP pledge loans, marking a year-on-year increase of 33.4%, with 26,545 loan accounts, up 23.4% from the previous year [2]. - The article emphasizes the need for better mechanisms to facilitate IP loans, particularly for technology-based small and micro enterprises that often lack sufficient collateral [1][2]. Group 2: Challenges in IP Financing - Major challenges include difficulties in evaluating IP value, risk management, and asset disposal, with the lack of independent evaluation capabilities and high costs from third-party evaluators being significant barriers [2][4]. - The article notes that once IP assets are separated from their original companies, their utility significantly decreases, complicating the disposal process in case of loan defaults [2]. Group 3: Policy Initiatives and Solutions - The National Financial Regulatory Administration and other departments have introduced a comprehensive pilot work plan to address key issues in IP finance, including evaluation, registration, and disposal [4]. - The plan encourages banks to use internal assessments for loans under 10 million yuan and suggests government support in providing data and models for IP valuation [4]. - The establishment of a national unified IP trading database and the cultivation of third-party evaluation institutions are recommended to enhance the professionalism and credibility of IP assessments [3][4]. Group 4: Innovations in Financial Products - Financial institutions are encouraged to develop specialized products for IP pledge financing, extend loan terms, and explore innovative service models such as IP asset-backed securities and financing leases [6]. - The Jiangsu Financial Regulatory Bureau aims to create a robust IP finance ecosystem by 2027, focusing on efficient services and comprehensive rules [6]. Group 5: Successful Case Studies - Several banks, such as the Bank of Communications and Zhejiang Rural Commercial Bank, have successfully implemented IP pledge loan programs tailored to the characteristics of technology-based SMEs, enhancing the evaluation process and simplifying loan applications [7][8]. - In Chongqing, the local financial regulatory body has effectively promoted knowledge value credit loans, benefiting over 500 enterprises with a total loan amount of 1.916 billion yuan [8].

近年来，北京市知识产权金融工作政策体系不断完善。印发《关于促进北京市知识产权质押融资服务高 质量发展的实施方案》，制定出台十项措施，帮助企业更好地运用知识产权金融工具获得创新红利。去 年发放支持资金超4000万元。市知识产权局与多家银行签订合作协议，助力科创企业发展。 周立权介绍，市知识产权局将进一步优化知识产权金融服务，创新金融产品。聚焦知识产权价值实现核 心环节，系统推进金融服务模式创新，探索开发知识产权证券化、质押融资保险等多元化金融产品；鼓 励基础条件优、创新活力足的区域率先开展知识产权金融创新试点，通过先行先试、以点带面，形成可 复制、可推广的"政策+服务+生态"创新模式，打造知识产权金融生态综合试验区标杆；积极搭建政银 企对接平台，深化与驻京银行业金融机构的战略合作，引导金融机构加大对知识产权领域的资源投入。 同时，鼓励创新主体主动对接金融服务，强化知识产权创造、运用和保护能力，共同构建政府引导、市 场主导、多方参与的知识产权金融发展新格局。 北京市知识产权局党组成员、副局长、二级巡视员周立权。北京市商务局供图 新京报讯（记者陈琳）6月19日，北京市知识产权局副局长、二级巡视员周立权在"两区"建设 ...

Core Viewpoint - Longhua District is implementing innovative financial products to support small and micro enterprises, focusing on those in the initial and high-growth stages without collateral, with plans to expand its financial services significantly in 2024 [2][4]. Group 1: Financial Products and Services - The "Park Loan" initiative has already benefited 33 small and micro enterprises with a total credit amount of 94 million yuan, and there are plans to expand to 18 more parks with a total credit limit of 1 billion yuan [2][4]. - The "Digital Cloud Loan" series includes various products such as "Park Loan," "Government Subsidy Loan," "Industry Chain Loan," "Capital Loan," and "Talent Loan," aimed at addressing the financing needs of small and micro enterprises [3][4]. - The "Government Subsidy Loan" connects government subsidy data with financial institutions to enhance credit for small and micro enterprises, allowing them to access higher credit loans compared to those in other districts [8][9]. Group 2: Financial Ecosystem and Infrastructure - Longhua District has established a financial service ecosystem that includes 355 financial institutions, with 151 bank branches, 87 insurance agencies, and 28 securities offices, enhancing the overall financial capacity in the region [7]. - The district has launched 21 "Financial Stations" and 4 "First Loan Windows" to facilitate access to financial services for enterprises, serving over 13,209 businesses [5][6]. - The introduction of the "Longshu Loan," a public financial data product, has resulted in 234 loans totaling 434 million yuan, effectively alleviating financing pressures for technology-oriented small and micro enterprises [5]. Group 3: Innovation and Development - Longhua District has been recognized for its strong industrial foundation, ranking among the top ten industrial districts in the country in 2024, with an industrial output value of 656.7 billion yuan and 39 listed companies [2]. - The district has introduced various financial innovations, including the first comprehensive insurance product for pilot projects, which provides extensive coverage for enterprises throughout their project lifecycle [5]. - The establishment of the Shenzhen Intellectual Property Financial Association marks a significant step in enhancing financial services related to intellectual property, contributing to the overall development of the financial ecosystem in the Greater Bay Area [7].

Core Viewpoint - The article highlights the increasing importance of intellectual property (IP) financing in helping technology-driven small and medium-sized enterprises (SMEs) overcome funding challenges, particularly through the use of patents and trademarks as collateral for loans [1][3][4]. Group 1: Importance of Intellectual Property Financing - Intellectual property serves as a crucial bridge between innovation and market application, facilitating the transformation of technological achievements into productive forces [1]. - Many technology SMEs face financing difficulties due to their asset-light nature and lack of physical collateral, which limits their access to bank loans [2][3]. - The banking sector is actively exploring IP pledge financing models to assist these companies in unlocking their intangible assets and addressing their funding challenges [3][4]. Group 2: Growth of IP Pledge Loans - In 2024, Chinese banking institutions issued a total of 255.57 billion yuan in IP pledge loans, marking a year-on-year increase of 33.4%, with the number of loan recipients rising by 23.4% to 26,545 [4]. - Specific cases illustrate the successful implementation of IP pledge loans, such as a technology company in Hunan receiving a 10 million yuan loan to support its R&D and market expansion efforts [1][3]. Group 3: Expansion of Pledgeable IP Assets - The range of pledgeable IP assets has been expanding, with banks now including various forms of IP such as trademarks, copyrights, and geographical indications in their evaluation systems [5][6]. - Innovative financing solutions, such as using trade secrets as collateral, have emerged, exemplified by a medical device company in Wuhan securing a 1.2 million yuan loan [6]. Group 4: Challenges in IP Valuation - The valuation of IP remains a significant challenge for banks, as reliance on third-party assessment can lead to discrepancies and delays in the loan process [7]. - Regulatory bodies are encouraging banks to develop internal valuation systems for IP to enhance efficiency and accuracy in the financing process [7][8]. - By the end of last year, a major bank had evaluated over 400,000 patents using an internal assessment method, with a total estimated value of nearly 300 billion yuan, improving the precision of funding allocation to technology enterprises [8].

Group 1 - The Guangdong Provincial Market Supervision Administration, Guangdong Provincial Financial Regulatory Bureau, and Shenzhen Financial Regulatory Bureau have issued a notification summarizing 103 financial products related to intellectual property pledge financing [1] - This initiative aims to provide diversified and precise financial support to various innovative entities, effectively meeting their financing needs related to patents and trademarks [1] - The notification encourages innovation entities, including universities and enterprises, to review the product list and select suitable intellectual property financial products, enhancing risk prevention and improving development quality [1] Group 2 - Since the launch of the comprehensive pilot work for the intellectual property financial ecosystem in Guangdong, there has been an increase in financial services for intellectual property, with nearly a hundred enterprises providing feedback on their financing needs [2] - The provincial market supervision bureau is organizing local market supervision bureaus and relevant units to promote policies related to intellectual property pledge financing and patent transformation through face-to-face interactions with enterprises [2] - The goal is to facilitate precise connections between enterprises and financial institutions, addressing challenges in pledge financing and stimulating new growth momentum for enterprises [2]

Core Viewpoint - Guangdong Province has released a comprehensive list of 103 intellectual property pledge financing products from various financial institutions, marking the first time such a compilation has been made public in the province [1][2]. Group 1: Policy Implementation - The initiative aligns with the central government's directives on intellectual property and aims to enhance the financial ecosystem for intellectual property [1]. - It is part of a broader effort by various national regulatory bodies to support the financial ecosystem for intellectual property [1]. Group 2: Financial Support for Innovation - The product list aims to provide diversified and precise financial support to different types of innovative entities, addressing their financing needs related to patents and trademarks [1][2]. - The initiative is expected to play a significant role in leveraging intellectual property to support technological innovation and serve the real economy [1]. Group 3: Encouragement for Stakeholders - The notification encourages universities, research institutions, and enterprises to review the product list and select suitable financing options to enhance risk management and development quality [2]. - Regulatory bodies are tasked with collaborating with financial institutions to promote awareness of intellectual property pledge financing policies and facilitate connections between businesses and banks [2]. Group 4: Feedback and Engagement - Since the launch of the intellectual property financial ecosystem pilot program, nearly a hundred enterprises have provided feedback on their financing needs [2]. - The provincial market supervision bureau is actively engaging with local businesses through various outreach methods to promote policies related to intellectual property pledge financing and facilitate precise connections with financial institutions [2].