Innovative Trust Structures and Regulatory Synergy for Cross-Border Intellectual Property Securitization: An Integration Approach Based on Reflections on Traditional Transaction Structures and Hong Kong's “LEAP” Framework

Menghan Guo

doi:10.54691/srksgd67

Authors

Menghan Guo

DOI:

https://doi.org/10.54691/srksgd67

Keywords:

Intellectual Property Securitization; Cross-border Trust; Regulatory Coordination; Smart Contract; Dual-Compliance; Special Purpose Vehicle (SPV).

Abstract

Intellectual property securitization, as an important financial instrument for revitalizing the value of intangible assets, faces structural dilemmas in cross-border practice, such as differences in judicial recognition, valuation opacity, and regulatory mismatch. Traditional single or dual special purpose vehicle (SPV) structures struggle to effectively address the challenges posed by cross-border intellectual property right heterogeneity. Based on a critical reflection on existing transaction schemes, this paper proposes an integrated solution centered on a “dual-compliance smart contract,” combining the virtual asset development and tokenization policy direction established by the Policy Statement on Development of Virtual Assets in Hong Kong 2.0, and blockchain technology. Research indicates that this framework, through automated compliance review and a dynamic valuation mechanism, can significantly enhance the effectiveness of cross-border bankruptcy isolation and asset transparency, and provide a replicable institutional paradigm for regulatory coordination in the Guangdong-Hong Kong-Macao Greater Bay Area. This study holds important theoretical value and practical significance for cross-border financial innovation.

Downloads

Download data is not yet available.

References

[1] Liu, S., Luan, L., Qu, F. R., Qin, Y., Luo, S. M., & Su, H. B. (2024). Research on implementation models of enterprise intellectual property securitization. China Market, (36), 33–36.

[2] Zhang, S., Zhao, S. A., & Yan, R. T. (2024). Research on the value realization of enterprise data assets and financial support models. Southwest Finance, (10), 42–52.

[3] Qi, Y., Liao, K. Z., Liu, X., & Feng, X. R. (2018). Research on financing models for technology-based SMEs under the background of innovation and entrepreneurship---Discussion based on the ABS model of intellectual property pledge loans. Science and Technology Management Research, 38(18), 127–132.

[4] Hu, Z. Q., Sun, Z., Huang, Q. Q., Yi, C. Q., & Yu, S. Y. (2024). Can data assets be securitized?---Discussion on the operation mechanisms and main characteristics of four feasible models. Management Review, 36(12), 37–46+59.

[5] Wei, L. Y., & Tong, X. X. (2025). Research on risks and countermeasures of enterprise intellectual property securitization. Shanghai Enterprise, (3), 60–62.

[6] Zhang, L. R., & Pan, X. Q. (2025). Research on risk management of intellectual property securitization. Management and Administration, 1–9.

[7] Wang, L. H., & Li, S. Y. (2025). Practice and legal key points of asset securitization of data intellectual property. China Lawyer, (7), 79–81.

[8] Larcker, D. F., Ormazabal, G., & Taylor, D. J. (2011). The market reaction to corporate governance regulation. Journal of Financial Economics, 101(2), 431–448.

[9] Blankespoor, E., deHaan, E., & Marinovic, I. (2020). Disclosure processing costs, investors' information choice, and equity market outcomes: A review. Journal of Accounting and Economics, 70(2-3), 101344.

[10] Bao, X. Z., & Chen, B. T. (2021). Intellectual property securitization models and key element design in the Chinese context---A comparative analysis based on multiple cases. Reform of Economic System, (5), 136–143.

[11] Yang, Z. Z., & Lang, Q. W. (2025). Institutional opening-up and cross-border inflow of innovation factors---Research based on high-standard intellectual property rules. Finance and Trade Research, 36(6), 57–72.

[12] Xue, W., Wei, S. J., & Li, F. (2015). A comparative study of preferential enterprise income tax policies for technology transfer between China and Europe. Forum on Science and Technology in China, (5), 148–154.

[13] Wang, T. T. (2025). Research on the value realization of enterprise data assets and financial support models. Financial World, (20), 9–11.