Group 1 - The core issue of copyright pledge financing is the difficulty in quickly liquidating copyright assets in case of defaults, which poses a challenge for banks, guarantee companies, evaluation agencies, and cultural trading markets [2][4][6] - Copyright pledge financing is theoretically beneficial, allowing cultural enterprises to use their copyrights as collateral for low-interest loans, but banks remain cautious due to various risks associated with the cultural market [4][6] - The establishment of a fund for the disposal of non-performing film copyrights may be a key solution to streamline the entire process [2][11] Group 2 - Three major bottlenecks in film copyright pledges include difficulty in value assessment, risk control challenges, and lack of quick liquidation channels for pledged copyrights [6][7] - Existing solutions such as intellectual property securitization and the concept of "expected copyright" are being explored, but they still face limitations [8][9] - The proposed non-performing asset disposal fund would involve industry professionals who can accurately assess the true value of distressed copyright assets and facilitate their development [12][14] Group 3 - The fund's operation involves banks listing distressed copyright assets for sale, the fund purchasing these assets at a significant discount, and a professional team working to extract remaining value [12][13][14] - The establishment of this fund creates a win-win ecosystem for banks, guarantee companies, cultural enterprises, and the overall cultural industry, promoting better resource allocation and meeting public demand for cultural products [16][18][19] - Recommendations for implementing this model include establishing collaborative mechanisms, clarifying revenue distribution, enhancing information sharing, and improving legal frameworks to support copyright pledge financing [20][23][24]