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China Daily / 2019-12 / 05 / Page017

Fujian encourages IP-collateralized financing to boost industry growth

By Zhang Linwan in Xiamen, Fujian | CHINA DAILY | Updated: 2019-12-05 00:00

Government's assistance in helping secure such loans benefits Xiamen, Fuzhou among others

With support from the central government, East China's Fujian province is forging ahead in expanding intellectual property mortgage financing.

In 2018, the amount of patent-collaterized loans was 4.7 billion yuan ($664.87 million) in Fujian, up 46.9 percent from a year earlier.

Xiamen, a popular tourist destination in Fujian, has always been at the forefront of the country in terms of IP cultivation and commercialization, local officials said.

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