Market digest

Weekly policy snapshot of Chinese economy

19 August, 2019 12:00 AM printer

BEIJING: The following are the key moves taken by policymakers in the past week to enhance China’s economic strength and sustainability:

China’s banking and intellectual property regulators have decided to jointly boost the use of intellectual property (IP) as a financing tool to support the development of innovative enterprises, reports Xinhua.

Commercial banks are encouraged to establish separate credit programs and specific in-house performance appraisal and incentive mechanisms to support IP pledge financing under the premise of having risks under control.

The China Banking and Insurance Regulatory Commission said it would tolerate a slightly higher bad loan ratio in IP pledge financing business of commercial banks.