China has initially achieved the feasibility of implementing intellectual property securitization. In addition to government policy support and sufficient supply of funds in the capital market, this is also reflected in the following two aspects.
The intellectual property rights suitable for securitization have begun to take shape
From the perspective of foreign practice, the basic assets of intellectual property securitization are mainly patents, trademark rights and copyrights. These types of intellectual property rights in China have developed rapidly, and their numbers have accumulated significantly, and they are increasing year by year. The total number of patent applications in China has exceeded 2 million. Since 2001, the average annual growth rate of the three types of patent applications has exceeded 20%, and the average annual growth rate of invention patent applications has exceeded 25%. As of the first half of 2005, the cumulative number of trademark registration applications in China reached nearly 3.87 million. China ranks first in the world in terms of annual applications for utility model patents, design patents and trademarks, of which more than 90% are domestic applications. China also has many excellent films, music, and books, which have high market awareness and are suitable for securitization operations. Moreover, as the Chinese government strengthens the protection of intellectual property rights, the scope of protection increases, and protection technology matures, intellectual property transactions become increasingly active, and the market value of more and more intellectual property rights is formed and reflected. China's intellectual property securitization The basic assets can be continuously and adequately supplied.
Favorable conditions
China’s existing asset securitization practice has created favorable conditions for the implementation of intellectual property securitization
After years of discussions and appeals, China’s Asset securitization has finally moved from theoretical exploration to practical operation. Since 2005, China has successfully launched a number of asset securitization products, such as "China Unicom CDMA, Network Rental Fee Income Plan", "Kaiyuan" credit asset-backed securities, "Jianyuan" personal housing mortgage-backed securities and " "Special Asset Management Plan for Toll Income Rights of Guangzhou-Shenzhen Expressway", "China Netcom Receivables Asset Support Benefit Certificate", "Special Asset Management Plan for Far East Leasing Asset Support Income", etc. These existing asset securitization practices include credit asset securitization by financial institutions and asset securitization by non-financial enterprises. They provide valuable experience for China to carry out asset securitization in a large-scale and orderly manner in the future. They can also promote the gradual establishment and improvement of the tax system, supervision and laws and regulations related to asset securitization, cultivate the market and investors, and improve participants, Investors’ and regulators’ awareness and understanding of asset securitization. This has removed certain obstacles and created favorable conditions for the implementation of intellectual property securitization in China.