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Fujian: Surge in loans

2015/02/05

A total of 98 companies secured more than 1.4 billion yuan ($224 million) in patentcollateralized loans in the province last year. This marked a surge of 150 percent from 2013, according to data from the provincial IP authority. The growth was in part attributed to collaboration between local governments and bankers on promoting IP commercialization. The IP administrators in the province's five cities issued policies that offer financial aid to support such loans.

 

(Source: Science and Technology Daily)




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