Jiangsu: Haimen discussed on intangible assets-collateralized financing

A symposium was convened in Haimen, a city in Jiangsu province, to discuss on proposals of intangible assets-collateralized financing for small- and medium-sized enterprises.

An official of Haimen sub-branch of Bank of Communications introduced issues on the characteristics of the intangible assets, pledge financing model and successful cases in this regard.

Haimen Intellectual Property Office reported achievements made in 2011 on patent development and explained Regulations of patent-collateralized financing in Haimen.

Haimen Administration for Industry and Commerce introduced enterprises owning Well-known and Famous trademarks as well as those who have already filed applications for such marks.

An official from the governmental department encouraged the bank to implement a financing pilot program among SMEs. Based on the experiences gained from the pilot program, the bank could improve its business model and create more new financing products. Meanwhile, relevant departments could help recommend promising enterprises to join in the pilot program.

A top official of the bank said they would consider selecting five to ten enterprises in the city to enforce the pilot program at the very beginning.