' Depend on House Property Certificate' of Intellectual Property Pledge Financing Break Up Bank Credit

The tenth China International High-tech Fair held at Shenzhen said that: Bank of Communication Beijing Branch makes a cut-and-try attempt in the aspects of intellectual property pledge loan in past two years, intellectual property pledge loan business authorized37enterprises and44intellectual property loans which is totally about402million and750thousand, all due loans are returned back without becoming a bad loan.

The successful attempt of Bank of Communication of Beijing branch draw agitates from areas experts and figures of finance and enterprise fields: How to promote more pledge movables to change the depend on house property certificate of bank loan completely? How to settle the problem of SME financing and load from a broad field?

Bank of Communication Beijing branch: A successful try

In the ending of2006, Beijing branch of Bank of Communication promote a new fianc ' Intellectual Property Pledge Financing' firstly of service model. Zhang Xin, the general manager of detail credit management department of Beijing branch of Bank of Communication, said that, this kind of service model not only settle the financing problem for tech SMEs, but also expand the new field of credit business.

Until the end of August2008, intellectual property pledge loan business authorized37enterprises and44intellectual property loans which is totally about402million and750thousand, which including57million and450thousand patent right pledge loan, 243million and300thousand trademark right pledge loan, and copyright secured loan102million. All due loans are returned back without becoming a bad loan.

Guo Feng, a lawyer of Beijing Jingwei Lawyer Office who participate in, said that this is a kind of mark that intellectual property is ok in the aspect of bank pledge load, and the risk could be control.

Liu Wutang, the general manager of Liancheng Assets Evaluation Co.,Ltd, thinks that intellectual property has become a new business rise point of bank and a competing focus of SMEs ' credit business.

Over depend on real security brought many problems

Although Beijing won a successful try, some SMEs who need money support in Shenzhen told reporters that, the new financing form is not useful in reality, all commercial banks until now didn ' t promote patent pledge loan product, short of money block the way of tech innovation.

' House Property Dependency' sinks tech enterprises into such a kind of paradox: If enterprise put the limit funds into immovable property, they have the pledge without research spending, if they have no excellent product then load is not needed. If enterprise put the limit funds into research, then they have research result but pledge, then how to put into product?

Yang Yuhai, senior system engineer, launched a technical enterprise in Shenzhen. He spent10years in technology, research and development and invented a big software ERP which can improve enterprise management efficiency, and it attracted many person ' s interest in the field in Wuhan, Shenzhen etc. ' s fund , even he didn' t buy a house of But the ten years of research ran out of all his enterprise. "

In order to promote ERP system to the market, Yang Yuhai needs about10million. He pins his hope on pledge load with the several technical results, but he runs into a blank wall in CCB and ICBC. ' Bank thinks that intellectual property is risk but house property.' "

The condition of highly depend on immovable property not only block the financing way of middle and small enterprises, but also a kind of hard condition for bank and financial economy themselves.

Qiu Haiyang, ' s Bank of China , criticized the bad effect on financial economy harmonious that caused by highly depend on immovable property under the frame of' Security Law of associate research fellow of research bureau of People ': On one hand it strengthens the shortage of guarantee resources which makes the financing especially load condition more hard; On the other hand it promotes the real estate price keep increasing and enlarge the risk of bank.

' In fact, the three moveables of middle and small enterprises are valuable for pledge: Accounts receivables, stock and intellectual property. We should research and promote more loan business on intellectual property. ' Qiu Haiyang said.

What is the point of intellectual property mortgage financing?

Zhang Xin said that mortgage financing facing its special risk except credit risk and small enterprise risk in general. First of all is law risk, at present, the intellectual property law is not so sound, trademark private right and patent right is not so steady, rights and benefit of obligee is uncertainty, which would cause rights dispute. Such kind of right confirmation decides the value evaluation of intellectual property and whether the pledge is all right.

Ma Weiye, the chief of patent management bureau of State Intellectual Property Office, said that, value confirmation of intellectual property is one of the hard solving problems both for assurance provider and commercial bank. Because it is hard to evaluate the value of intellectual property, many commercial bank can not promote patent mortgage load until now.

Liu Wutang says: ' for the risk of value evaluation , although bank of communication has promote the business of mortgage finance of intellectual property , other banks said that they would not follow the business promoted by bank of communication at present.' "

Work together to decrease the risk of mortgage loan of intellectual property

' Mortgage finance of intellectual property forum' of China Hi-Tech Fair of In the, conventioners think that banks should reconsider the traditional load idea to adopt the innovation brought by knowledge economy, and change the traditional load model. At the same time, all social circles should take some measures to low down the risk of pledge of intellectual property.

Dongrong, the chief of Intellectual Property Office of Anhui province, said that relate work should be done well. Firstly, government should build "Bank Loan Risk Compensation System" with enterprises, and guarantee together, encourage financial institution developing pilot of pledge business of intellectual property to compensate the disadvantage of guaranty of middle and small enterprises; Meanwhile, intellectual property belongs to intangible assets so it is hard to sale, it is important to promote technology transformation and the development of technology market.

According to the value evaluation of intellectual property, Huang Yi, the director of Law department of supervision commission of China banking industry, said that forming professional intermediary depending on market, to evaluate the value of intellectual property and low down the risk of bank. ( www, xinhuanet, com Reporter Xiao Sisi)