The Voice of Hainan: Hainan to push forward the construction of three major technology cities

南海网"This is Hainan" 英文频道英语音频新闻节目《海南之声》(第18期)

This is the Voice of Hainan, from


Hainan to push forward the construction of three major technology cities


Hainan will focus on areas of species breeding in southern areas, deep-sea science and technology, aerospace science and technology in 2019, and introduce advantageous resources to build Nanfan Science and Technology City, Sanya Deep Sea Science and Technology City and Wenchang International Space City, according to a science and technology work conference of Hainan Province held recently.

In 2019, Hainan will promote the innovation and development of the industry of species breeding in southern areas, undertake the relevant tasks of the 2030 Science and Technology Innovation Project, and promote the cooperation between research institutes and Nanfan enterprises.

Major scientific research projects will be accelerated to settle in Hainan.

Innovation in financing for intellectual property hailed as a major achievement in Hainan


"Systemic innovation has been the core of Hainan's efforts … we have achieved considerable progress," said Sun Dahai, deputy secretary-general of the Communist Party of China Hainan Provincial Committee.

"Innovation in financing for intellectual property has been a major achievement in Hainan after the island province issued the country's first IP asset securities late last year with plans to raise 470 million yuan ($69.5 million) of funds".

"At present, most of the patents owned by small and medium-sized enterprises in Hainan were not put into efficient use, and companies were facing difficulties such as shortage of funds, lack of adequate financing channels and insufficient transformation of intangible assets into profits".

Through the securitisation of intellectual property assets, the problem was efficiently solved, according to the local government. It is considered a brand-new model for the application of intellectual property rights and a new financing tool for small and medium-sized enterprises.

At present, the markets for intellectual property asset-based securities are small, as the universe of buyers and sellers is limited. But if the recent proliferation of Intellectual Property Exchanges on the Internet is an indication, then it is only a matter of time before all concerned will develop greater interest and capacity to use IP assets for financing business start-ups and expansions. As more cash flows are generated by intellectual property, more opportunities will be created for securitisation.

策划:陈书焕 叶海声

Responsible editor: 石一涵
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