Hong Kong to expand IP financing sandbox after 7 firms secure cheaper loans

AI Summary

Hong Kong plans to expand its intellectual property financing sandbox after seven companies reported lower borrowing costs during a nine-month trial. The scheme is intended to improve IP valuation, professional services, and awareness while encouraging more banks and businesses to participate.

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 Chu Lap-kiu, executive director of banking supervision at the Hong Kong Monetary Authority (HKMA),...