Difficulty in getting financing has been plaguing many enterprises, especially small and mid-sized innovative start-up businesses. China recently allows company to use its data assets (intangible assets including patents) as collateral. In actual practice, Guiyang Bank issued the first data loan with the amount of one million yuan to a company named Guizhou East Century.
Companies who are interested in applying such a loan can register a rights confirmation letter and get a data assets evaluation report at the Zhongguancun data asset center in Beijing. They can become a shareholder of innovation enterprises by transfer of data use rights. They can get from one to 30 percent of the shares of a startup, based on the size of the company, the amount of data and its utility period.