On October 18th, Anhui province’s Market Regulation Bureau announced some exciting developments regarding intellectual property (IP) financing. From January to September of this year, the amount of IP pledge financing in Anhui reached a staggering 45.209 billion yuan, marking a 105.71% increase compared to the previous year and setting a new historical high. This achievement places Anhui fifth in the nation in terms of IP financing.

Could you share more about how this increase in financing has impacted local businesses? The data reveals that inclusive loans have reached 3,166 innovative small and medium-sized enterprises, significantly helping to address the financing challenges faced by technology-based companies.

In response to these challenges, what steps has the bureau taken to enhance collaboration between government, banks, and enterprises? They have been actively implementing the “entering parks to benefit enterprises” initiative for IP pledge financing, coordinating with various departments to develop a work plan that strengthens financial support for IP, as well as establishing management measures for provincial-level IP protection funding.

What specific initiatives have been launched to assist companies? The bureau introduced several financial support policies for businesses securing loans against their patent and trademark rights. Notably, they facilitated Anhui’s first collective trademark pledge financing, which allowed 59 member companies of the Shexian Tea Industry Association to share a credit line of 560 million yuan. Additionally, the first batch of data IP pledge financing was successfully carried out, amounting to 18 million yuan.

Moreover, how is the establishment of the Anhui Intellectual Property Exchange contributing to these efforts? This exchange offers a full range of one-stop services for IP trading, custodianship, operations, and investment financing. They’ve already issued the province’s first market-oriented guaranteed enhanced IP securitization product worth 30 million yuan. To date, Anhui has cumulatively issued IP securitization products totaling 781.5 million yuan.

These developments not only reflect Anhui’s commitment to fostering innovation but also underscore the vital role that intellectual property plays in supporting the region’s economic growth.