Another type of intangible asset can be used as collateral to apply for a bank loan — yes, a “trade secret.” Recently, Hubei Jiaqi Yangfan Medical Devices Co., Ltd. obtained a loan of 1.2 million yuan from the Qiaokou branch of the Bank of Communications using trade secrets as collateral, making it the first loan issued in Wuhan using trade secrets as collateral. From traditional real estate mortgages to intellectual property pledge financing using legally owned patents, trademarks, and property rights in copyrights as collateral; from the expansion of stored food to a wider range of movable property categories such as agricultural machinery and tools, growing plants on the ground, and even living biological resources... Banks are speeding up progress in pioneering and innovating in terms of mortgages and pledges.

Another type of intangible asset can be used as collateral to apply for a bank loan — yes, a “trade secret.” Recently, Hubei Jiaqi Yangfan Medical Devices Co., Ltd. obtained a loan of 1.2 million yuan from the Qiaokou branch of the Bank of Communications using trade secrets as collateral, making it the first loan issued in Wuhan using trade secrets as collateral. From traditional real estate mortgages to intellectual property pledge financing using legally owned patents, trademarks, and property rights in copyrights as collateral; from the expansion of stored food to a wider range of movable property categories such as agricultural machinery and tools, growing plants on the ground, and even living biological resources... Banks are speeding up progress in pioneering and innovating in terms of mortgages and pledges.