27 May 2024
On 27 May 2024, the Huizhou Administration for Market Regulation (the Intellectual Property Office of Huizhou Municipality) issued the “Various Measures on Promoting the High-Quality Development of Intellectual Property Rights in Huizhou Municipality” (“the Measures”). The Measures proposed to support financial institutions in carrying out intellectual property pledge financing business, and improve the risk sharing and compensation mechanism for intellectual property pledge financing and set up a special intellectual property pledge financing risk compensation fund. Enterprises that obtain loans by pledging intellectual property rights such as patents, trademarks, and geographical indications will be provided an interest subsidy at 30% of the actual interest paid. The maximum annual subsidy for the same enterprise will not exceed RMB200,000. The Measures will be implemented from the date of issuance and will be valid for 3 years.