At the ceremony, the Labouratory for Intellectual Property Financing Innovation was inaugurated in the presence of Shen and Liu. Wang introduced the BOC’s IP financing achievements, while Zhao introduced the main contents of the strategic cooperation. They jointly unveiled the BOC’s new loan product Hui Ruyuan • Zhihui Dai. It is reported that the two institutions will carry out all-round cooperation in six areas, including policy research, data sharing, product research & development, information support, business exploration, publicity and promotion, and will set up labs for joint research and product R&D. The loan product of Zhihui Dai is aimed at providing a scenario and whole-chain application scheme on IP for SMEs engaged in science and technology, which has been piloted in 22 branches.
“This cooperation between the CNIPA and BOC can further promote the upgrading and expansion of IP pledge financing, increase financial innovation, and better support the development of the real economy. In particular, the financing needs of SMEs as well as scientific and innovative enterprises can be better met. It can promote the development of IP pledge financing and make the procedure more standardized, open and diversified,” says Nina Li, a partner at IP March in Beijing. “However, like other forms of financing, IP pledge financing also has many uncertain risks. Therefore, whether the new products launched by BOC can be widely promoted or even promote the production and development of similar products in the industry and how much support can it provide for the development of the enterprises still needs to be tested through practice. As pilot projects have been carried out in 22 branches of BOC, all of these can be tested in a period of time.”