On January 30, “CTEX-ZGC Sci-tech Guarantee-Capital Securities-IP Assets Backed Securities” was successfully issued on the Shenzhen Stock Exchange, with a AAA rating and an issuance scale of 200 million yuan.

This is Beijing’s first IP assets backed bond in 2024, with China Technology Exchange (CTEX) as the original owner and asset management service institution, and the ZGC Guarantee, a member the ZGC Group, as the credit enhancement institution, achieving a good start for the financial service for technology start-ups.  

This product provides 1-3 years of IP financing support for 10 high-tech enterprises, including 7 specialized and sophisticated firms. Its underlying assets include 24 invention patents and 6 utility patents in next-generation information technology, smart telecommunication, new materials among other sectors. The assessed value of these patents is 215 million yuan.  The quality of the underlying assets is reflected by the issuance scale and interest rate of the ABS. Bank of Beijing, Bohai Bank, Shanghai Pudong Development Bank, China Merchants Bank, Huaxia Bank and other financial institutions actively participated in the subscription.