Pudong Science and Technology Innovation Intellectual Property Asset Support Program is the first proprietary intellectual property shelving ABS (asset securitization) project in China. It has been completed and issued by stages in Shanghai Stock Exchange.
The listing ceremony of the first and second phase of Intellectual property asset-backed securities of Pudong New Area was held in Shanghai Securities Building on the morning of Sept. 8. The intellectual property securitization project gives full play to the advantage of the free trade system innovation, implement the Shanghai intellectual property securitization project zero breakthroughs, transform the "intellectual property" into the "capital". The core of the scientific and technological enterprise’s intellectual property assets has been fully used up through the project. It gets through the channel of enterprise financing and attracts the social capital to invest in the enterprise’s technology innovation. Shanghai Vice Mayor Chen Qun and other officials attended the ceremony.
One-hundred and two patents entered the securities market
With the support of the Intellectual Property Management Departments and the Shanghai Stock Exchange, Shanghai Pudong Kechuang Group Co., Ltd originated the Intellectual Property Rights Assets Support Special Plan has been successfully launched for two phases, with a total amount of 105 million yuan and involving 102 authorized patents. The project has supported the small and medium-sized high-tech enterprises to gained low-cost financing.
Pudong Innovation Intellectual Property Asset Support Program is the first proprietary intellectual property shelving ABS (asset securitization) project in China, which has been completed and issued by stages in the Shanghai Stock Exchange. Among them, the first phase of the project is the first domestic intellectual property rights and epidemic prevention and control ABS issued on March 4 this year; Phase 2 of the project was released on August 14.
The intellectual property securitization project represented by Pudong Technology Innovation Phase 1 and 2 takes Shanghai Puchuang Longke Financial Leasing Co., Ltd. as the original equity holder to package the scattered intellectual property for financing. Shanghai Pudong Technology Financing Guarantee Co., Ltd. as an asset service agency, focusing on serving small and medium-sized technology enterprises. Supported by the credit of the balance payer Shanghai Pudong Technology Innovation Group Co., LTD., and realized the cross-subject transfer of strong credit. Huatai United Securities assisted Pudong Kechuang Group system and provided perfect and in-depth services for the pre-project intellectual property business model, basic asset formation, project implementation and issuance.
Pudong will strengthen intellectual property financial services
Pudong's work in intellectual property finance has produced remarkable results. In the first half of this year, a total of twenty-seven financing projects involving sixty patents and trademarks were launched, with the financing amount exceeding 700 million yuan, accounting for 22% of the city's total.
The exploration of the Intellectual Property Securitization Project also highlights the leading and exemplary role of Pudong as the main carrying area for the construction of the scientific and technological innovation center in operation and innovation of intellectual property. In recent years, the government of Pudong New Area actively promote the intellectual property rights reform and innovation, and strengthen intellectual property creation, protection, and utilization. It has formed the whole chain of financial support of the life cycle of intellectual property rights’ enterprise development -- "pledge financing, insurance, investment funds, financial leasing, and securitization". It has launched the "Yangtze river delta of intellectual property protection and service alliance” and cooperates with the Shanghai Intellectual Property Office to promote the operation platform of public service of the National Intellectual Property International Operations (Shanghai) pilot platform construction. It dedicates to create intellectual property protection and use of benchmarking with international influence.
