Recently, “CTEX-ZGC Sci-tech Guarantee-Capital Securities-IP Assets Backed Bonds Phase 2” was issued by the Shenzhen Stock Exchange (SZSE).

The bond rating is AAA, and its issuance scale is 214 million yuan, providing one-year intellectual property financing support for 13 high-tech enterprises in Beijing (including 11 Specialized, Sophisticated and Innovative Firms). The bond has a coupon rate of 2.35%, the historically lowest issuance rate of intellectual property securitization products in Beijing, further reducing the financing cost of technology enterprises.

ZGC Sci-tech Guarantee, a subsidiary of the ZGC Development Group, serves as its credit enhancing agency, China Technology Exchange the original owner and asset management service agency, and Capital Securities Co., Ltd. the plan manager. The underlying assets of these special bonds cover 34 invention patents and 2 utility patents in the fields of new-generation information technology, pharmaceutical biology, aerospace, automobile manufacturing, big data, etc., with assessed value of 224 million yuan.

Driven by innovative financial services, intellectual property resources such as invention patents, which are very valuable to technology companies, can also become "real gold" to help companies finance and therefore promote their further development. 

By the end of November 2023, “CTEX-ZGC Sci-tech Guarantee-Capital Securities-IP Assets Backed Bonds Phase 1-10” was approved by Shenzhen Stock Exchange (SZSE), with the total size up to 1 billion yuan. ZGC Sci-tech Guarantee acted as its credit increasing agency. The successful establishment of the bonds indicated that intellectual property securitization products had been gradually standardized and replicable, thus could benefit more technology enterprises.