With the gradual mature of the pledge system in China, the local banks are issuing large loans to the film and television programs manufacture companies. And as reported by Today Morning Express, a Zhejiang based newspaper, the two most popular movies at the end of 2011 in China are both backed by the band, with RMB 150 million packing loan from China Minsheng Banking Corp. (CMBC, SSE: 600016, SEHK: 1988) for THE FOLWERS OF WAR (金陵十三钗) and RMB 100 million loan from Bank of Beijing (BOB, SSE: 601169) for FLYING SWORDS OF DRAGON GATE (龙门飞甲).
It’s also referred in Today Morning Express that the large loan for films and television programs started from 2004, the movie THE BANQUET (夜宴) by Huayi Bros. Media Group (SZSE:300027) owned the guarantee loan of RMB 50 million from Shenzhen Development Bank (SDB, SZSE:000001).
This year, with the policy on the IPR pledge loan (pls refer to China Begins to Try Out Intellectual Property Pledge System) and the completion on the copyright pledge and evaluation system, the bank started the large loan to the movie companies. Bridge IP Law Commentary believes that all these suggest the further improvement on the copyright protection in China, for the interests of the financial institutions like banks are the top concern of China government. Therefore, once the interests of the bank are involved in the copyright transaction, the improvement on the copyright protection is most likely to win the support from the financial group in China.
Other posts on our website:
1. The Actual Term of Trademark Registration in China
2. How to Apply for the Trademark Record in China Custom
3. How to improve the success rate of trademark registration in China?
4. Matters for Attention in Trademark Refusal Review in China
5. Introduction of China’s Legal System of Trademark Renewal
6. Introduction on the Regulations concerning the Capital Contribution in IPR or Domain Name in China
7. The Copyright Registration in China Could Be FREE?
8. China Copyright Protection Term Longer than EU’s?
9. Matters for Attention in the Patent Preliminary Injunction Application in China(I)
Editor: Mr. You Yunting
Founder & Editor-in-Chief of Bridge IP Law Commentary
Partner & Attorney-at-law of Shanghai DeBund Law Offices
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Bridge IP Law Commentary is a website focus on the introduction of commercial laws in China, especially the intellectual property laws. All the posts here are our original works. And all news or cases referred here are from public reports, and our comments or analysis are of due diligence, neutrality and impartiality, representing our own opinions only and are our original works. You may contact us shall you have any opinions or suggestions.
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