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HKMA, CEDB, IPD Launch Intellectual Property Financing Sandbox
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The Hong Kong Monetary Authority (HKMA), in collaboration with the Commerce and Economic Development Bureau (CEDB) and the Intellectual Property Department (IPD), launched the Intellectual Property (IP) Financing Sandbox today (22nd). The Sandbox serves to provide a collaborative and risk-controlled environment for banks, IP valuation firms, legal practitioners and other relevant professions to test the full lifecycle of IP financing arrangements that are based on IP assets. Through the Sandbox, banks can develop and refine their IP financing arrangements with the support from multidisciplinary professionals as well as guidance by the HKMA, CEDB and IPD. This initiative can also enable banks to accumulate practical experience in providing IP financing to better serve the needs of innovative enterprises, particularly SMEs which are rich in IP assets but may lack tangible assets that can be pledged as collateral for bank financing. AASTOCKS Financial News Website: www.aastocks.com |
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