Recently, “CTEX-ZGC Sci-tech Guarantee-Capital Securities-IP Assets Backed Bonds Phase 1-10” was approved by Shenzhen Stock Exchange (SZSE), with the total size not exceed 1 billion yuan.

The first three phases of these securities, with ZGC Sci-tech Guarantee acting as the credit enhancement agency, has been successfully issued. They totally provided enterprises with 45 times of financing support of 929 billion yuan, benefiting many tech companies and modern service firms, of which 85% are from strategic emerging industries.

By truly “turning IP into assets”, the Bonds not only open up new financing channels for sci-tech SMEs, but also help “high-value patents” make their debut in the capital market. They also boost SMEs’ high-quality development by assigning value to their patents.