During the special action period for patent transformation and application, China cumulatively issued approximately 600 billion yuan in intellectual property pledge loans.

At today’s (March 23) press conference held by the State Council Information Office, the National Intellectual Property Administration announced that since the implementation of the 2023 Special Action for Patent Transformation and Application, relevant departments have issued approximately 600 billion yuan in intellectual property pledge loans, with intellectual property insurance coverage totaling 56 billion yuan, and intellectual property securitization products exceeding 14 billion yuan. Efforts to promote diversified intellectual property financial support are ongoing. (CCTV News)