Business / Technology

China to offer risk compensations to boost technology transfer financing

(Xinhua) Updated: 2015-12-12 11:06

BEIJING - China will use national funds for technology transfer and commercialization to provide risk compensation to banks, to facilitate technology transfer loans, said the Ministry of Science and Technology (MOST) Friday.

MOST and the Ministry of Finance have rolled out rules on compensation for issuing transfer loans to small- and medium-sized tech enterprises.

Risks exist in transferring scientific and technological achievements given limited abilities of small- and medium-sized tech enterprises. Hence they have been having difficulties in borrowing from banks.

The rules will enter into effect on Jan 1, 2016.

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