Hong Kong Monetary Authority: The first batch of three major banks in Hong Kong to participate in the Intellectual Property Financing Sandbox.

On December 22, the Hong Kong Monetary Authority, together with the Commerce and Economic Development Bureau and the Intellectual Property Department, launched the Intellectual Property Financing Sandbox. The sandbox provides a collaborative and risk-controlled environment for banks, intellectual property valuation firms, legal practitioners, and other relevant professionals to test the entire financing arrangement based on intellectual property assets. Three major banks in Hong Kong have already joined the sandbox as initial participants, and it has been confirmed that clients from the biotechnology, electronics, and technology industries are interested in testing intellectual property financing transactions through the sandbox.