China has initially possessed the feasibility of implementing intellectual property securitization. Besides the government's policy support and sufficient capital supply in the capital market, it is also embodied in the following two aspects.
Intellectual property rights suitable for securitization have begun to take shape
From the practice abroad, the basic assets of intellectual property securitization are mainly patents, trademark rights and copyrights. These kinds of intellectual property rights in China have developed rapidly, and the number has accumulated considerably, and it is on the rise year by year. The total number of patent applications in China has exceeded 2 million. Since 21, the average annual growth rate of three kinds of patents has exceeded 2%, and the average annual growth rate of invention patents has exceeded 25%. As of the first half of 25, there were nearly 3.87 million applications for trademark registration in China. China ranks first in the world in the number of applications for utility model patents, design patents and trademarks, of which more than 9% are domestic applications. China also has many excellent films, music and books with high market awareness, which is suitable for securitization. Moreover, with the strengthening of China government's protection of intellectual property rights, the expansion of protection scope, the maturity of protection technology, and the increasingly active intellectual property transactions, the market value of more and more intellectual property rights can be formed and reflected, and the basic assets of intellectual property securitization in China can be continuously and adequately supplied.
advantages
China's existing asset securitization practice has created favorable conditions for the implementation of intellectual property securitization
After years of discussion and appeal, China's asset securitization has finally moved from theoretical exploration to practical operation. Since 25, several asset securitization products have been successfully listed in China, such as "China Unicom CDMA, network rental fee income plan", "Kaiyuan" credit asset-backed securities, "Jianyuan" personal mortgage-backed security and "Guanshen Expressway toll income right special asset management plan", "China Netcom receivable asset support benefit certificate" and "Far East rental asset support income special asset management plan". These existing asset securitization practices include credit asset securitization of financial institutions and asset securitization of non-financial enterprises. They provide valuable experience for China to carry out large-scale and orderly asset securitization in the future, and can also promote the gradual establishment and improvement of tax system, supervision and laws and regulations related to asset securitization, cultivate markets and investors, and improve the knowledge and understanding of participants, investors and regulators on asset securitization. This has removed certain obstacles and created favorable conditions for the implementation of intellectual property securitization in China.