After attempting at intellectual property pledge financing with Bank of Changsha, Changsha Intellectual Property Office in Hunan Province once again signed an Strategic Cooperation Agreement on Intellectual Property Pledge Financing for small and medium enterprises (SMEs) with Shanghai Pudong Development Bank (SPDB), Changsha Branch. SPDB thus becomes a powerful pledge financing supporter for Changsha's SMEs. 　

It was reported that the financing fast track opened for  the IP pledge program of "Made in Changsha" derived from an accidental cooperation between SPDB Changsha Branch and a Changsha manufacturing company. The bank dispensed a loan of 10 million yuan with a pledge of patents to help the company break out through its funding bottleneck, which finally proved to be win-win cooperation. Later, a series of younger special equipment manufacturing companies came to SPDB Changsha Branch.

As Peng Min'an, director of Changsha IPO, introduced, the Strategic Cooperation Agreement on Intellectual Property Pledge Financing for SMEs was signed on the purpose of bringing into play their professional coordinating role in IP pledge financing. The responsible officer of SPDB Changsha Branch expressed SPDB will enhance the level of IP pledge financing to satisfy the requirements of SMEs in Changsha.

(Source:IPR in China )