Hubei:patent-based loans popular in Wuhan

Government data show that financial institutions in Wuhan, capital of Hubei province, granted 98 patent-collateralized loans worth 712 million yuan ($103.47 million) in 2018. It marks the fifth straight year that such loans have surpassed 700 million yuan. The deals, more than 80 percent of which involved Wuhan Rural Commercial Bank, benefited nearly 50 companies. 

(Source: China Intellectual Property News)