我国专利证券化的模式及其制度构建

Analysis of Models and Its System Construction of Patent Securitization in China

专利证券化作为有效推动科技成果转化的一种金融途径,在促进科技与金融的对接方面有着独特的制度优势。近年来我国经由政策引导与资本市场实践,催生出多种专利证券化模式。专利证券化模式是市场竞争的产物,各方市场主体在做出选择时所需要考虑的成本,亦包括各种模式背后的法律制度,其中之关键在于充分评估有关法律,尤其是合同法、信托法、专利法、证券法等法律之间的衔接,形成主体——模式——监管的构建路径,并采用法国、日本式的集中立法模式,为专利证券化构建统一适用的法律体系。

Patent securitization,as a financial way to effectively promote the transformation of scientific and technological achievements,has unique institutional advantages in promoting the docking of technology and finance.In recent years,multiple models of patent securitization have been spawned by the guidance of government’s policy and capital market practice.The models of patent securitization are the product of market competition,and the legal infrastructure behind various models is an important reference,which is also included in costs that market participants need to consider when making choices.The key issue is to fully evaluate the connection between relevant laws,especially Contract Law,Trust Law,Patent Law,and Securities law,to form a construction path of legal subject-model-supervision. China should undoubtedly adopt a centralized legislation model,which is similar to France and Japan,to build a uniform and applicable legal system for patent securitization.