In 2023, the Baotou Rare Earth High-tech Industrial Development Zone facilitated financing for 17 enterprises including Baotou Jinmenghui Magnetic Material Co, Baotou Ande Kiln Technology Co, and Baotou Zerun Machinery Equipment Co, totaling 27 transactions amounting to 967 million yuan ($135.04 million).

Intellectual property rights (IPRs) are vital assets for technology-based small and medium-sized enterprises (SMEs). Leveraging the value of intellectual property to guarantee financing has become an effective way to address the financing difficulties that such enterprises have faced in recent years.

In 2023, the zone innovated its financing mortgage model, expanding the channels for intellectual property pledge financing, thereby boosting the success rate of enterprise financing.

Among them, Baotou Jinmenghui Magnetic Material Co obtained financing worth 22.78 million yuan through the "enterprise patents + enterprise equipment" and "enterprise patents + enterprise land" combination collateral models. Baotou Ande Kiln Technology Co and Baotou Zerun Machinery Equipment Co respectively obtained financing of 8.5 million yuan and 7.5 million yuan through the "enterprise patents" sole mortgage model.

At the same time, representatives from the zone visited enterprises to understand their current production capacity, operation status, financing needs, loan purposes, and corporate debt levels. Based on these indicators, customized financing plans were developed by the zone.

Next, the zone will continue to deepen its work on intellectual property pledge financing to provide more financial support for the development of technology-based enterprises.