Study On Risks And Control Of Intellectual Property Securitization By Yida Zhirong

In China,IPR financial services have been attracting much attention,and the government has issued a number of documents related to them one after another.In this context,"innovative IP financial services" has become one of the national priorities.However,it is difficult for technology-based SMEs to obtain bank credit and meet the conditions of debt financing,resulting in poor capital flow.At this time,IP securitization becomes an effective means to solve the capital flow problem,because it can enable the less liquid IP to obtain funds in advance and give full play to its capital value,so that the society can be filled with an atmosphere of innovation.Moreover,IP securitization can allow some non-financial enterprises with patents to broaden their financing channels and realize a virtuous cycle of capital.The Yeda Zhirong-Yantai Development Zone Intellectual Property(Human Capital)Asset-Backed Special Program in this thesis is the first IPR securitization product successfully issued in Shandong,mainly in collaboration with the government,enterprises and intermediaries.Its pooled assets are intellectual property finance lease claims with human capital as the underlying,covering a number of manufacturing industries including chemical raw materials and chemical products manufacturing,professional and technical services,and automobile manufacturing.The successful issuance of this securitization product represents an important progress in the capitalization and marketization of intellectual property.Through an in-depth study of the risks and risk control of this securitization product,enterprises proposing to adopt the same or similar method of financing in the future can gain reference and learn from it,thus effectively reducing risks and improving the acceptance and efficiency of the capital market.The research results can also provide reference and guidance for securitization market development and IP financial services.This thesis uses a combination of literature review method and case study method to study the risks of intellectual property securitization and the corresponding control measures.First,this thesis explains the research background and significance of IPR securitization,and then constructs the research ideas and research methods of this thesis on the basis of compiling and reviewing the domestic and foreign research literature on IPR securitization.Secondly,this thesis collects information related to IPR securitization,organizes the relevant concepts,model types and risk types of IPR securitization,and introduces the theoretical foundation related to the research direction of the article from the theoretical level.Then,on the premise of understanding the basic situation of the securitization of IPR of Yeastar Zhirong,the risks of the securitization of Yeastar Zhirong are analyzed in depth from the perspectives of underlying assets,special plan design and market environment,and suggestions are made for its risk control measures.In conclusion,based on the above analysis,it is found that the investment fund’s asset selection is a prerequisite for the success of IP securitization,the rigorous performance of each participant is the key to the success of IP securitization,and appropriate credit enhancement measures are the guarantee for the success of IP securitization.The following two recommendations are made: First,there are many risk problems in IPR securitization,and the government needs to continuously improve the development of laws,regulations and systems to build a safe financing channel for IPR securitization.Second,successful issuance requires the active cooperation and collaboration of various institutions and greater awareness of risk control among all parties involved to ensure standardized implementation of securitization.