Circular of the China Banking and Insurance Regulatory Commission, the China National Intellectual Property Administration and the National Copyright Administration on Further Stepping up Work on Intellectual Property Pledge Financing
Circular of the China Banking and Insurance Regulatory Commission, the China National Intellectual Property Administration and the National Copyright Administration on Further Stepping up Work on Intellectual Property Pledge Financing
Circular of the China Banking and Insurance Regulatory Commission, the China National Intellectual Property Administration and the National Copyright Administration on Further Stepping up Work on Intellectual Property Pledge Financing
Yin Bao Jian Fa [2019] No. 34
August 6, 2019
All branches of the China Banking and Insurance Regulatory Commission ("CBIRC"); all intellectual property bureaus (intellectual property administrations) and copyright bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, Xinjiang Production and Construction Corps, and cities specifically designated in the State plan; all policy banks, large-sized banks, joint-stock banks, postal savings banks, foreign-funded banks, and financial asset management companies; and all insurance group (holding) companies, insurance companies, insurance asset management companies and other business institutions under the administration of the CBIRC:
To implement the series of important arrangements made by the CPC Central Committee and the State Council on intellectual property ("IP") work, to encourage banking and insurance institutions to provide greater support for the use of IP, and to expand the scale of IP pledge financing, the relevant matters are hereby notified as follows:
I. Optimizing the Service System for IP Pledge Financing
1. Banking and insurance institutions and IP pledge registration agencies shall be unified in thinking and understanding, maintain a strategic focus, and greatly appreciate the importance of the work on IP pledge financing. Banking and insurance institutions are encouraged to actively engage in the IP pledge financing business in support of innovative (technology-oriented) enterprises with development potential.
2. Commercial banks are supported to establish a management system dedicated to IP pledge financing. Large-sized banks and joint-stock banks should research and develop policies in support of the IP pledge financing business and designate a specialized department to be in charge of IP pledge financing.
3. Commercial banks are encouraged, under the premise of controllable risks, to support the development of IP pledge financing business by means of separate credit programs, special performance incentives, etc., and to seek to achieve a reasonable year-on-year growth in the total annual number of borrowers and the total annual lending amount in their IP pledge financing business.
......
Yin Bao Jian Fa [2019] No. 34
August 6, 2019
All branches of the China Banking and Insurance Regulatory Commission ("CBIRC"); all intellectual property bureaus (intellectual property administrations) and copyright bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, Xinjiang Production and Construction Corps, and cities specifically designated in the State plan; all policy banks, large-sized banks, joint-stock banks, postal savings banks, foreign-funded banks, and financial asset management companies; and all insurance group (holding) companies, insurance companies, insurance asset management companies and other business institutions under the administration of the CBIRC:
To implement the series of important arrangements made by the CPC Central Committee and the State Council on intellectual property ("IP") work, to encourage banking and insurance institutions to provide greater support for the use of IP, and to expand the scale of IP pledge financing, the relevant matters are hereby notified as follows:
I. Optimizing the Service System for IP Pledge Financing
1. Banking and insurance institutions and IP pledge registration agencies shall be unified in thinking and understanding, maintain a strategic focus, and greatly appreciate the importance of the work on IP pledge financing. Banking and insurance institutions are encouraged to actively engage in the IP pledge financing business in support of innovative (technology-oriented) enterprises with development potential.
2. Commercial banks are supported to establish a management system dedicated to IP pledge financing. Large-sized banks and joint-stock banks should research and develop policies in support of the IP pledge financing business and designate a specialized department to be in charge of IP pledge financing.
3. Commercial banks are encouraged, under the premise of controllable risks, to support the development of IP pledge financing business by means of separate credit programs, special performance incentives, etc., and to seek to achieve a reasonable year-on-year growth in the total annual number of borrowers and the total annual lending amount in their IP pledge financing business.
......