BEIJING, Aug. 18 (Xinhua) -- The following are the key moves taken by policymakers in the past week to enhance China's economic strength and sustainability:

-- More IP pledge financing to support innovative enterprises

China's banking and intellectual property regulators have decided to jointly boost the use of intellectual property (IP) as a financing tool to support the development of innovative enterprises.

Commercial banks are encouraged to establish separate credit programs and specific in-house performance appraisal and incentive mechanisms to support IP pledge financing under the premise of having risks under control.

The China Banking and Insurance Regulatory Commission said it would tolerate a slightly higher bad loan ratio in IP pledge financing business of commercial banks.

-- LPR reform plan to cut real economy financing cost

The People's Bank of China unveiled a plan to improve and reform the country's loan prime rate (LPR) mechanism in its latest efforts to cut financing costs for the real economy.

Starting Aug. 20, the National Interbank Funding Center will disclose the new LPR at 9:30 a.m. on the 20th day of each month.

The number of quotation banks will be expanded from 10 to 18, including not only national banks, but also urban commercial banks, rural commercial banks, foreign-invested banks and private banks, to improve the representativeness of the LPR. Enditem

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