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36.Tianjin Property Rights Exchange: actively constructing globalized platform for property rights exchange
http://www.tj-summerdavos.cn    2008-09-19 11:53

In the 2nd China International Private EquityForum, Xinhua08 financial trading systemsigned a cooperative agreement with TianjinProperty Rights Exchange (TPRE), announcingthat TPRE’s information would be releasedreal-time 24 hours a day and information of themajor global capital markets will be conveyedto TPRE precisely.

The property rights market of China is a resultof marketing economy with Chinese characteristics.It has been an important market placefor the trading of corporate property rights.Over the past 20 years, the property rightsmarket has been following the practices ofChina’s reform, while making innovative development.The transaction has been consistentlyincreased, with the market resources diversifiedand the information network and operationalsituation gradually improved during theperiod. It has been a significant part of China’smulti-layer capital market system.

Approved by Tianjin Municipal Government,TPRE was established in April 1994 to be acomprehensive, multi-functional, open andregulated service organization for propertyrights transaction. Four submarkets were setup under TPRE, including Tianjin Trust ofShares Exchange, Tianjin Technology PropertyExchange, Tianjin Commodities TransferAdjusting Exchange and the Binhai New AreaProperty Rights Exchange.

As a State-level property rights market, TPREhas witnessed rapid progress in the transactionof all the four aspects of real right, stock equity,creditor’s equity and intellectual property rights.TPRE had completed 6,275 property rightstransactions from 2001 to the first half of 2008with an accumulative volume of RMB 155.5 billionyuan. The transaction hit RMB 34 billionyuan in 2007 and the value of the State-ownedassets had been increased by 69.2 percent.

According to the agreement with Xinhua08, themodule of “TPRE information and transaction”will be set up, including the real-time marketof TPRE, property rights transaction index,dynamic model of property rights transaction,transaction tendency and analysis, theoreticaldiscussion, policy and regulations and typicalcase study.

Seven property rights trading institutions in Tianjinfounded the North China Common Market forProperty Rights Trading in 2002. TPRE was selectedas the president and the general secretary unitof the new organization. Currently, the commonmarket, which has covered 21 provinces, municipalitiesand autonomous regions, has beena most important regional market for propertyrights transaction of China and a capital platformfor merger and acquisition.

Stimulated by the development of the propertyrights institutions across the nation, China’sproperty rights markets have transformed intoan essential platform for adjusting State-ownedeconomic layout and structure and a vitalbridge to connect the high technologies withthe traditional industries. They have playeda more and more important role in buildingChina’s multi-layer market system and promotingbalance development of economy.

In June 2008, Tianjin Binhai Academic Instituteof Property Rights, the nation’s first researchbody on property rights, was established byTPRE. The institute is dedicated to providingtheoretic knowledge about property rights tradingand markets and policy consultancy servicesto the community. It will also provide professionalservices, including the systematic transformationstrategies for all types of companies,management consultancy, organizing academicexchanges domestically and internationally andtrainings concerning property rights.

Currently, TPRE has been equipped with atransaction hall with an area of 12,000 squaremeters comprehensive software and hardwareand network security system, which has beendeveloped into one of the largest-scale andmost powerful property rights transaction marketsin China.


From:Enorth.com.cn    Editor: Zhao Jing
 
Preparatory & Coordination Committee of Annual Meeting of the New Champions 2008