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

According to Zhitong Finance APP, on December 22, the Hong Kong Monetary Authority (HKMA) together with the Commerce and Economic Development Bureau (CEDB) and 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, and have confirmed that customers from the biotechnology, electronics and technology industries are interested in testing intellectual property financing transactions through the sandbox.