According to the latest data from the SIPO, in the first half of 2017, 31.8 billion yuan of patent pledge was added in China, with a year-on-year growth of 92%. 1,493 patent pledge projects were confirmed, with a yearon- year growth of 41%. Liaoning, Jiangsu, Shandong, Beijing and Tianjin led all provinces in amount granted while Shandong, Shaanxi, Anhui, Jiangsu and Guangdong were the top five in number of projects.
In May 2017, SIPO published some key points of promoting patent pledge in 2017, including building a market-driven system of IP pledge, insurance and guarantee, motivating financial institutions, service agencies and enterprises in IP pledge, promoting IP pledge into marketdriven and large-scale development.
In the near future, SIPO will strengthen communication with the People's Bank of China and China Banking Regulatory Commission, to build an examination mechanism in IP pledge, motivating banks in granting IP pledge loan.