Intellectual property rights suitable for securitization have begun to take shape
From the practice abroad, the basic assets of intellectual property securitization are mainly patent right, trademark right and copyright. This kind of intellectual property rights has developed rapidly in China, with a considerable amount of accumulation, and it is on the rise year by year. The total number of patent applications in China has exceeded 2 million. Since 200 1, the average annual growth rate of three kinds of patents has exceeded 20%, and the average annual growth rate of invention patents has exceeded 25%. By the first half of 2005, there were nearly 3.87 million trademark registration applications 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 90% are domestic applications. There are many excellent movies, music and books in China, which have high market awareness and are suitable for securitization. Moreover, with the strengthening of Chinese government's intellectual property protection, 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.
Favorable conditions
The existing practice of asset securitization in China 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, a number of asset securitization products have been successfully listed in China, such as "China Unicom CDMA, network rental income plan", "Kaiyuan" credit asset-backed securities, "Jianyuan" personal mortgage-backed security, "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 eliminated certain obstacles and created favorable conditions for the implementation of intellectual property securitization in China.