On October 16, Guangdong Province Foshan City issued the seventh  Industrial intellectual property securitization products, which was the first prefecture-level city’s intellectual property securitization product in China.

It is the stockpiling securities, the planning period is three years, and the total scale is one billion. The first issue size is 381 million yuan. This securitization product target the small to medium-sized science and innovation start-ups with a high-value patent. Seventeen science and technological enterprises in Foshan have gained five million to fifty million yuan financing amount with sixty-five invention patent and ninety-two patent for utility models as underlying assets. The issue of intellectual property securitization product realize the precise docking and organic integration of intellectual property and financial capital, effectively contribute to the research and development, and will strengthen the enterprises’ innovation and development.