The Hong Kong Monetary Authority, Commerce and Economic Development Bureau, and Intellectual Property Department jointly launched the Intellectual Property Financing Sandbox.

On December 22nd, the Hong Kong Monetary Authority (HKMA), together with the Commerce and Economic Development Bureau (CEDB) and the Intellectual Property Department, launched the Intellectual Property Financing Sandbox. The three major banks in Hong Kong have joined the sandbox as the first batch of participants, with clients from the biotechnology, electronics, and technology industries expressing interest in testing intellectual property financing transactions through the sandbox. The "Policy Address 2025" mentioned that the Intellectual Property Financing Sandbox aims to assist pilot industries in using intellectual property assets for financing. The sandbox provides a collaborative and risk-controlled environment for banks, intellectual property valuation agencies, legal practitioners, and other relevant professionals to collectively test financing arrangements based on intellectual property assets such as patents, trademarks, and copyrights. Through the sandbox, banks can receive support from cross-disciplinary professionals, as well as guidance from the HKMA, CEDB, and the Intellectual Property Department, to develop and refine their intellectual property financing arrangements. The measures can also provide banks with practical experience in intellectual property financing accumulation for better meeting the needs of innovative enterprises, especially small and medium enterprises with rich intellectual property but lacking tangible assets as collateral for bank financing.