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38.Tianjin Property Rights Exchange: actively constructing globalized platform for property rights exchange
http://www.tj-summerdavos.cn 2014-09-08 19:49

Approved by Tianjin Municipal Government, Tianjin Property Rights Exchange (TPRE) was established in April 1994 to be a comprehensive, multi-functional, open and regulated service organization for property rights transaction. Four sub-markets were set up under TPRE, including Tianjin Trust of Shares Exchange, Tianjin Technology Property Exchange, Tianjin Commodities Transfer Adjusting Exchange and the Binhai New Area Property Rights Exchange.

Currently, TPRE has been equipped with a transaction hall of 12,000 square meters in size, with comprehensive software and hardware and network security system. It has been developed into one of the largest-scale and most powerful property rights transaction markets in China.

As a State-level property rights market, TPRE has witnessed rapid progress in the transaction of all the four aspects of real right, stock equity, creditor’s equity and intellectual property rights.

TPRE had completed 7,791 property rights transactions from 2001 to the first half of 2009 with a trading value of 191.8 billion yuan. The transaction value hit 38.2 billion yuan in 2008 and the value of the State-owned assets had been increased by 22.2 percent.

In the 2nd China International Private Equity Forum, Xinhua08 financial trading system signed a cooperative agreement with TPRE, announcing that TPRE’s information would be released real-time 24 hours a day and information of the major global capital markets will be conveyed to TPRE precisely.

According to the agreement with Xinhua08, the module of “TPRE information and transaction” will be set up, including the real-time market of TPRE, property rights transaction index, dynamic model of property rights transaction, transaction tendency and analysis, theoretical discussion, policy and regulations and typical case study, etc.

Seven property rights trading institutions from Tianjin, Beijing, Hebei, Henan, Shanxi, Qingdao and Harbin, co-founded the North China Common Market for Property Rights Transaction in Tianjin in 2002. TPRE was selected as the president and the general secretary unit of the new organization. Currently, the common market, which has covered 21 provinces, municipalities and autonomous regions, has been a most important regional market for property rights transaction of China and a capital platform for merger and acquisition.

In June 2008, Tianjin Binhai Academic Institute of Property Rights, the nation’s first research body on property rights, was established by TPRE. The institute is dedicated to providing theoretic knowledge about property rights trading and markets and policy consultancy services to the community. It will also provide professional services, including the systematic transformation strategies for all types of companies, management consultancy, organizing academic exchanges domestically and internationally and trainings concerning property rights.

Initiated by TPRE and Approved by Tianjin Municipal Government, Tianjin Equity Exchange was established in September of 2008, and went on stream in December of 2008. Tianjin Equity Exchange is so far China’s only corporate institute for stock transaction of high-tech companies within high-tech parks and non-listed and non-public companies. Tianjin Equity Exchange is an important test-bed for financial innovation and a worthy trial for multi-layer capital markets.

The Industrial and Commercial Bank of China hammered out an intent agreement with TPRE on mergers and acquisition (M&A) loan cooperation. The move signifies the official operation of M&A loan business in Tianjin and enables Tianjin squeeze into the first batch of cities starting this business.

The property right market of China is a result of marketing economy with Chinese characteristics. It has been an important market place for the trading of corporate property rights. Over the past 20 years, the property rights market has been following the practices of China’s reform, while making innovative development. The transaction has been consistently increased, with the market resources diversified and the information network and operational situation gradually improved during the period. China’s property right markets have transformed into an essential platform for adjusting State-owned economic layout and structure and a vital bridge to connect the high technologies with the traditional industries. They have played a more and more important role in building China’s multi-layer market system and promoting a balanced development of economy.

Source:Enorth.com.cn

Editor: Zhang Jialu
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