智通财经APP获悉，香港商务及经济发展局局长丘应桦在香港青年工商界专题午餐会2026中表示，港府 会继续在国际舞台上积极拓展香港经贸网络，巩固香港作为国际贸易中心地位。为提升整体经贸支援的 协同效应，港府将会推出"经贸一站通"，将香港经贸办、投资推广署以及贸发局的海外办事处整合成为 一个功能平台。更加有系统地帮助中小企以及初创企业走出去。一个平台将组织更多海外商务考察团， 给青年企业家能够实地了解不同市场的发展脉搏，及早点把握机遇。 丘应桦指出，知识产权作为创意的无形资产，已经成为推动高质量以及知识型经济增长的核心动力。 《施政报告》提出完善的知识产权贸易生态，包括推出知识产权融资沙盒的试点计划，提供专利评估服 务，及推行专利估值先导计划。透过这些措施，港府致力推动知识产权融资、估值及保障的机制，从而 更有效发挥企业的创新价值，帮助企业拓展业务以及提升竞争力。 他表示，跨境电商的兴起，为香港企业带来前所未有的机会，亦都是特别适合青年企业家发挥的舞台， 港府未来三年会继续在内地及东盟市场举办"香港好物节"，协作管理品牌、展示产品及服务。政府亦会 推行"创意·电商无限"计划，持续透过博览会一站式的商业配对以及转介 ...

根据香港此前发布的《行政长官2025年施政报告》，知识产权融资沙盒旨在协助试点行业利用知识产权 资产进行融资。香港金融管理局表示，沙盒提供一个协作和风险可控的环境，让银行、知识产权估值机 构、法律执业者及其他相关专业界别共同测试以知识产权资产（例如专利、商标及版权）为基础的整个 融资安排。 （文章来源：证券时报） 近日，香港金融管理局联同香港商务及经济发展局、香港知识产权署推出知识产权融资沙盒，中国银行 （香港）、汇丰银行、渣打银行（香港）加入沙盒，成为首批参与者。多家生物、电子等行业企业有意 向参与沙盒测试知识产权融资交易。 据介绍，银行可以透过沙盒，获得跨领域专业人士的支持，以及香港金融管理局、香港商务及经济发展 局、香港知识产权署的指导，制定并完善其知识产权融资的安排。这一措施亦能为银行日后提供知识产 权融资累积实务经验，以更好满足创新企业的需要，尤其是拥有丰富知识产权但欠缺有形资产作银行融 资抵押品的中小企业。 ...

据介绍，银行可以透过沙盒，获得跨领域专业人士的支持，以及香港金融管理局、香港商务及经济发展 局、香港知识产权署的指导，制定并完善其知识产权融资的安排。这一措施亦能为银行日后提供知识产 权融资累积实务经验，以更好满足创新企业的需要，尤其是拥有丰富知识产权但欠缺有形资产作银行融 资抵押品的中小企业。 近日，香港金融管理局联同香港商务及经济发展局、香港知识产权署推出知识产权融资沙盒，中国银行 (香港)、汇丰银行、渣打银行(香港)加入沙盒，成为首批参与者。多家生物、电子等行业企业有意向参 与沙盒测试知识产权融资交易。 根据香港此前发布的《行政长官2025年施政报告》，知识产权融资沙盒旨在协助试点行业利用知识产权 资产进行融资。香港金融管理局表示，沙盒提供一个协作和风险可控的环境，让银行、知识产权估值机 构、法律执业者及其他相关专业界别共同测试以知识产权资产(例如专利、商标及版权)为基础的整个融 资安排。 ...

| 参與銀行 | 擬參與客戶所屬行業 | | --- | --- | | · 中國銀行〔香港)有限公司 | . 生物科技 | | . 香港上海滙豐銀行有限公司 | ● 雷子 | | · 渣打銀行〔香港)有限公司 | ● 科技 | 责任编辑：王馨茹 | 参與銀行 | 擬參與客戶所屬行業 | | --- | --- | | · 中國銀行〔香港)有限公司 | 生物科技 | | · 香港上海滙豐銀行有限公司 | ● 留子 | | · 渣打銀行〔香港)有限公司 | . 科技 | 责任编辑：王馨茹 12月22日金融一线消息，香港金融管理局联同商务及经济发展局及知识产权署推出知识产权融资沙盒。 沙盒提供一个协作和风险可控的环境，让银行、知识产权估值机构、法律执业者及其他相关专业界别共 同测试以知识产权资产（例如专利、商标及版权）为基础的整个融资安排。香港三家主要银行已经加入 沙盒成为首批参与者，并确认有来自生物科技、电子及科技行业的客户对透过沙盒测试知识产权融资交 易感兴趣。 12月22日金融一线消息，香港金融管理局联同商务及经济发展局及知识产权署推出知识产权融资沙盒。 沙盒提供一个协作和风险可控的环境，让银行、知识产权估 ...

落地全省首单案例：促成四川省首笔地理标志质押融资100万元、首张地理标志数据知识产权证书均落地南充，相关经验获省政府办公厅《政务晨讯》刊 发推广。 近日，在南充市知识产权服务中心的高效协助下，四川尚好茶业有限公司以自主研发的发明专利作为质押，成功从兴业银行南充分行获得贷款2000万元， 为企业创新发展注入资金动力。 下一步，该中心将继续聚焦知识产权融资中的难点与堵点，进一步优化服务流程、创新服务模式，推动更多知识产权成果转化为现实生产力，为南充经济 高质量发展贡献知识产权力量。 首创地理标志质押融资新模式：全国首创地理标志"两权一品"质押融资模式，已申报国家改革典型案例； 突破评估时效瓶颈：发布全国首个《专利价值快速自评估指南》，将单笔评估时间从数周压缩至最快1小时，培训试点金融机构13家； 四川尚好茶业有限公司是南充本地一家集茶叶种植、研发、生产、销售于一体的农业产业化重点企业，拥有多项核心专利技术。随着市场拓展与产能升级 步伐加快，企业面临研发投入大、流动资金紧张的发展瓶颈。在了解到企业急需通过专利质押融资后，南充市知识产权服务中心立即启动"绿色通道"，安 排专人全程指导材料准备与系统填报，加班审核、协调 ...

Core Insights - The 2025 Financial Street Forum, focusing on "Creating a New Ecosystem for Leapfrog Development of Technology Enterprises," was successfully held in Beijing, emphasizing the role of finance in empowering high-quality economic development [1][3] - The forum gathered various stakeholders from government, industry, academia, and finance to explore new paths and ecosystems for financial support of technology enterprises [1][3] Financial Policy and Environment - The Chinese government has been optimizing the technology finance policy framework, creating a favorable environment for the leapfrog development of technology enterprises [3] - Beijing has nurtured a number of competitive technology enterprises, achieving significant results in technology innovation and finance, with three trillion-level and seven hundred billion-level industrial clusters formed [3] Beijing Bank's Commitment - Beijing Bank has positioned itself as a key player in the financial system, focusing on serving technological innovation as a strategic core, and has provided over 1.4 trillion yuan in credit to 58,000 technology SMEs [5] - The bank serves 82% of companies listed on the Beijing Stock Exchange's Growth Enterprise Market and 75% of the New Third Board's innovative tier companies [5] Innovations and Services - During the forum, Beijing Bank launched several significant financial service initiatives, including a comprehensive financial service plan for intellectual property and a green finance product called "Green Electricity Loan" [7] - The bank's initiatives aim to create a multi-layered, full-cycle technology finance service ecosystem, supporting the integration of green technology [7] New Alliance Formation - The "Alliance for Creating a New Ecosystem for Leapfrog Development of Technology Enterprises" was officially established to unite resources and provide stronger support for technology enterprises [9] - The alliance focuses on collaborative ecosystem building, capital chain construction, smart finance promotion, professional service cultivation, and international space expansion [9] Discussions and Future Directions - The forum featured discussions on equity investment market trends and the capitalization paths of emerging technology sectors, highlighting the importance of financial tools in supporting technology enterprises [11] - Beijing Bank aims to continue enriching the technology finance ecosystem and contribute to high-quality economic development by providing robust financial support for technology enterprises [11]

Group 1 - The core viewpoint of the articles highlights the challenges faced by small and micro technology enterprises in the chip industry, particularly regarding financing difficulties due to long R&D cycles and lack of collateral [1][4][5] - Shanghai Huari Bank has developed a comprehensive financial product system to support the high-quality development of technology-based small and micro enterprises, providing low-cost financing solutions tailored to the needs of the chip industry [1][3] - A specific case is presented of a smart technology company focusing on RISC-V architecture SOC chip development, which is facing significant funding gaps due to intensive R&D and pre-production investments [2][3] Group 2 - The bank employs a multi-dimensional enterprise value assessment system that evaluates companies based on technology, project prospects, creditworthiness, and team background, moving beyond traditional metrics [3][4] - A customized financial solution was provided to the smart technology company, including a 3 million yuan credit loan without collateral, aimed at covering short-term funding needs [3][4] - The report emphasizes the need for banks to adapt their credit models to better assess the value of intangible assets like intellectual property, which are crucial for technology enterprises [4][5][6] Group 3 - Policies have been introduced to enhance credit services for technology enterprises, including increasing the proportion of credit loans and extending loan terms to better support these companies [5][6] - The establishment of a differentiated evaluation system for technology enterprises is necessary to implement precise risk pricing and improve the overall financing environment for these businesses [6]

Group 1 - The core viewpoint of the news is that Huazhong Securities successfully managed the first data asset-backed securities (ABS) project aimed at supporting intellectual property for technology innovation enterprises in industrial parks, setting a new benchmark for asset securitization [1] - The issuance scale of the ABS is 321 million yuan, with a priority ticket interest rate of 1.86%, marking the lowest historical rate for intellectual property ABS in China [1] - The product received widespread market attention and enthusiastic subscriptions, providing innovative financing solutions for 20 high-tech enterprises, with individual financing amounts ranging from 1 million to 80 million yuan [1] Group 2 - Xing Tai Leasing plans to further advance its technology innovation business transformation strategy, focusing on innovation as the core driving force to continuously optimize financial service solutions for small and medium-sized technology enterprises [2] - Huazhong Asset Management emphasizes its commitment to serving the real economy, aiming to drive corporate growth through specialized and comprehensive financial services, thereby injecting new momentum into the high-quality development of the regional economy [2]

Core Viewpoint - The fundamental requirement of the financial reform for technology innovation is for financial institutions, especially commercial banks, to shift from providing supplementary services to established tech companies to offering essential support to startups and early-stage tech enterprises [1] Summary by Sections Challenges in Technology Innovation Financial Reform - The main challenge in technology innovation financial reform lies in the difficulty of risk control for commercial banks [2] - The lack of a comprehensive intermediary service system undermines the risk control foundation for commercial banks, as they struggle to assess the value of intellectual property due to insufficient evaluation capabilities and incomplete transaction mechanisms [2] - Identifying the innovation level of tech enterprises is challenging, complicating risk assessment for commercial banks [3][4] - Recognizing operational risks in tech enterprises is difficult, with an 80% failure rate for startups, leading to cautious support from banks [5] - The low comparative returns from tech innovation finance make it harder for banks to engage effectively, as the risks outweigh the potential rewards [6][7] Need for Transformation in Commercial Banks - To overcome the challenges in risk control, commercial banks must transform their operational philosophies [10] - Banks need to break through traditional risk control concepts, embracing the inherent risks in supporting tech innovation [11] - A shift in evaluation methods for tech enterprises is necessary, moving from historical data to future potential assessments [12] - The risk evaluation model must adapt to the higher risks associated with early-stage tech companies, increasing tolerance for risk [13] - New talent evaluation and utilization standards are required to support the unique needs of tech innovation finance [14] Talent Development for Tech Innovation Finance - There is a need for operational talent in tech innovation finance, requiring training for existing staff and collaboration with educational institutions to prepare new talent [15] - Reform-minded talent is essential, possessing innovative thinking and a solid understanding of modern technology [15] - Application-oriented research talent is necessary to summarize and promote successful practices in tech innovation finance [16] Profit Model Transformation - Commercial banks must transition from traditional profit models based on interest rate spreads to new models that leverage tech innovation finance [17][18]

Core Viewpoint - The legal opinion letter from Beijing Zhongzi Law Firm addresses the acquisition of assets by State Power Investment Corporation's Yuanda Environmental Protection Co., Ltd. through the issuance of shares and cash payment, along with the associated fundraising and related transactions [2][3][4]. Group 1: Transaction Overview - Yuanda Environmental Protection plans to acquire 100% equity of Wuling Power Co., Ltd. from China Power International Development Co., Ltd. and Hunan Xiangtou International Investment Co., Ltd., as well as 64.93% equity of Guangxi Changzhou Hydropower Development Co., Ltd. from State Power Investment Corporation Guangxi Electric Power Co., Ltd. [2][3]. - The transaction involves issuing shares to no more than 35 specific investors to raise supporting funds [2][3]. Group 2: Legal Opinions and Inquiries - The law firm has issued multiple legal opinions regarding the transaction, with the latest being a supplementary legal opinion to address inquiries from the Shanghai Stock Exchange [3][4]. - The supplementary legal opinion confirms the authenticity, accuracy, and completeness of the information provided and is intended solely for the purpose of this transaction [4]. Group 3: Pre-Reorganization Details - Prior to the transaction, Wuling Power and Changzhou Hydropower underwent a pre-reorganization, which included acquiring 36 companies and selling 96 companies [6]. - There are still 8 companies pending completion of industrial and commercial change registration, with a lawsuit involving a minority shareholder of one of the companies claiming non-operational fund occupation amounts to approximately 2.5 billion yuan [6][8]. Group 4: Litigation and Its Implications - A lawsuit has been filed by Qingyuan Hefeng against Wuling Power, claiming various breaches of agreement, including financial management and profit distribution [8][9]. - The court has scheduled a hearing for September 9, 2025, with an expected conclusion of the first instance by October 2025, which may affect the timing of the equity transfer and registration [9][10]. Group 5: Industry Competition Analysis - The transaction is analyzed for potential competition issues, particularly between the hydropower and new energy sectors in Hunan and Guangxi provinces [17][18]. - The legal opinion indicates that the competition primarily exists within provincial boundaries, and the different types of power generation do not constitute significant competition [17][18].