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First trademark financing mechanism is agreed

2016/09/18

The Hubei provincial administration for industry and commerce signed an agreement with the Bank of Communication's Hubei branch on Friday to launch the first trademark financing mechanism in Central China. Companies can collateralize their trademarks with the bank or entrust guarantee institutions to acquire loans. Hubei companies had more than 200,000 valid trademarks in total by June this year.


Source: China Daily




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