On December 12, 2008, the State Intellectual Property Office announced six trial sites for the practice of providing loans secured against intellectual property. They are the intellectual property offices of Beijing’s Haidian District, Changchun City in Jilin Province, Xiangtan City in Hunan Province, the Nanhai District of Foshan City in Guangdong Province, Ningxia Hui Autonomous Region, and Nanchang City in Jiangxi Province. The news also brought a new concept – intellectual property pledge loan, and roused public concern over government efforts in this field.

As a matter of fact, the service began in Beijing as early as two years ago. By the end of 2008, bank loans issued under the program called “Rendezvous Between Hundred Firms and Thousand Corporations” by the Beijing Intellectual Property Office had exceeded 400 million Yuan.

During these two years, Beijing had gradually developed its unique model in corporate loan by intellectual property pledge loan, in which the government served as a promoter by providing policy and publicity, while bank and intermediary agencies worked closely to control risks. The model has been continuously optimized by all sides, but many problems still exist.

What is the future of intellectual property pledge loan? Perhaps Beijing can offer an example for reference.