Huangpu finishes China's 1st IPR financing order for HK, Macao

On Jan 29, Huangpu-based GRGBanking got a 5-million-yuan ($791,447) credited loan, completing China's first order of intellectual property rights (IPR) pledge financing connected to Hong Kong and Macao, local media outlets reported on March 8.

On October 18, 2021, GRGBanking successfully applied for a patent pledge in Hong Kong with the code HK19100311.1.

The intellectual property bureau of Huangpu district has been taking measures such as policy promotions and on-site visits to local companies to help regional companies learn more about IPR financing and attract companies with Hong Kong or Macao IPRs to use them as underlying assets.

Using Hong Kong and Macao IPRs to secure financing is an important measure in promoting the mutual recognition for IPR in Guangdong, Hong Kong and Macao. 

Huangpu will strive to make more breakthroughs in the coordinated development of IPR in the aforementioned three areas, making contributions to turn the Guangdong-Hong Kong-Macao Greater Bay Area into a global IPR highland. 

The Huangpu-based GRGBanking. 

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