Risk compensation fund created in Guangdong
An intellectual property-collateralized financing risk compensation fund was established in Shenzhen last week, with its initial scale amounting to 30 million yuan ($4.7 million). It is expected to leverage bank loans worth 300 million yuan. The fund can help companies to secure a single IP-collateralized loan up to 5 million yuan. Financial institutions across the city lent 4.2 billion yuan in combined IP-collateralized loans last year, ranking it at the forefront of the country, local officials said.
(Source: Shenzhen Economic Daily)