BIZCHINA> IPR Issue
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BIZCHINA> IPR Issue
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Lenders start taking IPR as collateral
By Zhang Lu (China Daily)
Updated: 2006-11-16 14:37 Patents with a validity period of at least eight years, utility patents with a validity period of no less than four years, and profitable trademarks can be used as mortgage. The Bank of Communications said it has adopted a safe credit model. It offers loans based on IPR valuation by a partnering rating institution and the company's capital demands. The credit line for invention patents is under 25 per cent of the valuation. For utility patents it is under 15 per cent, and for trademarks it is less than 30 per cent. "The new loan product got a warm welcome from SMEs," Zhang said. In the first three days after the bank launched the product, it received more than 150 applications. It is estimated that demand for IPR mortgage loans is around 80 billion yuan (US$10.1 billion) in Beijing. Officials from the Bank of Communications said they will consider expanding the service to other cities if it develops well in Beijing. Before the Bank of Communications, other commercial banks have tried to offer IPR mortgage loans. In September, the Industrial and Commercial Bank of China offered a 2 million yuan (US$253,000) patent loan to an enterprise based in Shanghai Zhangjiang High-Tech Park. Also in September, three companies, including the Maojia Restaurant in Hunan Province, got bank loans by using their trademarks as mortgages. (For more biz stories, please visit Industries)
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