Anhui industrial and commercial departments have brought into full play the role of mortgage (pledge) registration service in relieving the financing problem of private enterprises since last year.

According to a source from Anhui Administration for Industry & Commerce,Anhui issued a loan of 2,550 million yuan with 236 trademarks pledged as collateral in 2012, increasing by 57% in loan and 84% in collateral. In Anhui, trademarks used as collateral represented 37% of the total nationwide, and collateralized loan represented 12.4%, both ranking 1st in China. Such loans majorly benefit small and medium-sized private enterprises.

To assure financing, Anhui industrial and commercial departments implement dynamic regulation over companies running such businesses as guarantee, equity pledge, chattel mortgage, trademark pledge, and earnestly safeguard the legitimate rights and interests of financing parties; strengthen supervision  and management over  micro-credit companies.

For illegal behaviors conducted by micro-credit companies, such as engagement in illegal lending and other business activities in name of micro-credit companies without registration or authorization, the business sector would intensify punishment to ensure that micro-credit companies operate in line with the provisions of relevant laws and regulations. In addition to trademark-collateralized loans, Anhui industrial and commercial departments handled 3,511 pieces of equity pledge with total secured claims of 55,798 million yuan; and 2,933 pieces of chattel mortgage valued at 27,210 million yuan.

In respect of market regulatory inspection and enforcement, no bad credit was found. Businesses have repaid the trademark-collateralized loans on time. Equity pledge and chattel mortgage operate in an orderly and healthy environment.

(Source:IPR in China)