A publishing platform for information on intellectual property (IP) pledge financing in Guangxi Zhuang autonomous region is launched on Dec 2. [Photo by Yang Biao for chinadaily.com.cn]

A publishing platform for information on intellectual property (IP) pledge financing in Guangxi Zhuang autonomous region was launched on Dec 2 during the Guangxi section of the 13th China Patent Week. 

The platform is expected to allow both supply and requisitioning parties to carry out matchmaking and natural financing to promote IP transformation.

Wei Mingfang, head of Beibu Gulf Equity Exchange Group, said that companies owning IP can publish their requests for IP pledge financing on the platform and obtain information about relevant financial products from different banks to promote the operation and cultivation of high-value patents for enterprises.

The Guangxi Intellectual Property Office has also signed a strategic cooperation agreement with several financial institutions to bolster the development of IP pledge financing.

The Guangxi section of the 13th China Patent Week, which opened on Dec 2, aims to promote the deep integration of IP, innovation resources, finance capital, and industrial development. 

Six series activities, including online exhibitions, seminars, promotion fairs, and trainings, will be held. The online exhibition for IP in advanced manufacturing will showcase and promote high-value IP in areas spanning smart manufacturing, the Internet of Things, and artificial intelligence to help companies in Guangxi attract key core technologies.

By the end of September, Guangxi owned a total of 22,712 innovation patents and had an invention patent ownership rate of 4.65 per 10,000 people, up 8.58 percent year-on-year. The number of pledged patent items amounted to 177, while 48 companies in Guangxi have received 470 million yuan ($66.75 million) through IP pledge financing.

The Guangxi Intellectual Property Office signs a strategic cooperation agreement with several financial institutions to bolster the development of IP pledge financing. [Photo by Yang Biao for chinadaily.com.cn]