Hong Kong to expand IP financing sandbox after 7 firms secure cheaper loans
The Hong Kong government has pledged to expand its intellectual property (IP) financing sandbox scheme by adding more participating banks and enterprises, after seven corporate users found that a nine-month trial helped lower their borrowing costs. “This will help refine the IP ecosystem, including valuation practices, professional service costs, supporting measures and market awareness,” Carmen…
The Hong Kong government has announced plans to expand its intellectual property (IP) financing sandbox scheme, following the success of seven corporate users who secured cheaper loans during a nine-month trial. Carmen Chu, executive director of banking supervision at the Hong Kong Monetary Authority, highlighted that the initiative will help refine the IP ecosystem, improve valuation practices, and support the development of key industries such as hi-tech, logistics, and education.
The expanded scheme will invite more banks, enterprises, and professional institutions to participate, with authorities not setting a rigid timeline or targets for the number of participants.
Brief written by urgent.news from South China Morning Post - Hong Kong's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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