Differential Loan Interest Subsidy Policy Applied in Zhongguancun Zone

In recent years, IP mortgage loan has been applied in many provinces in China, many companies benefited from this kind of loan.  However, it also exposed some problems to be resolved, such as the difficulty of intangible assets evaluation, imperfect risk-bear mechanism.  At present, the draft "On promotion of IP mortgage loan in Zhongguancun national demonstration area" began openly solicit public opinions.  In Zhongguancun, IP mortgage loan is expected to make active exploration.

This will be "gilding the lily" or "timely help"?  When the driving force of IP mortgage loan mortgage merges with innovation advantage in Zhongguancun, what will happen?  Intangible asset evaluation, risk-bearing and other constraints will be well controlled in the Zhongguancun?  "On promotion of IP pledge loan in Zhongguancun national demonstration area" not only painted a blueprint, but also led to many associations.

Bright Spots of Draft

The core of "IP mortgage loan in Zhongguancun” is to accelerate the establishment of mechanisms for intellectual property mortgage loans, to first breakthrough in the demonstration area of Zhongguancun, through market means, to promote market transformation of intellectual property rights and financial service innovation, to efficient dock between technology and finance to fundamentally easing financing difficulties of scientific and technological innovation, and to support the enterprises to speed up the development and optimize business environment of innovation demonstration area of Zhongguancun.

Which policies will be introduced to promote intellectual property mortgage in Zhongguancun demonstration area?  Banks and enterprises are undoubtedly very important topics of concern.  In this regard, the draft stressed Beijing Municipal Government would arrange some funds to carry out the work for Zhongguancun demonstration area.  In addition to provide funds to enterprises, but also provide risks subsidy payments for credit institutions to focus on cultivating a number of scientific and technological innovation enterprises with a core technology, future prospects, but also with the financing capacity.

Meanwhile, the good reputation will be an important reference factor to gain IP mortgage loan.  The Draft clearly indicates under different corporate credit degree, credit institutions will implement differentiated interest rate policy.  Demonstration Zone will encourage enterprises to establish a credit history record, and accordingly implement Zhongguancun Enterprises Credit "star" assessment program - under the different credit "star", government departments will implement he differentiated loan interest subsidy policy ranged from 20 to 40 percent loan.