China Sets Up First High-Tech Property Right Trade Company

China's first high-tech property right trade company was officially established in Shenzhen in Guangdong province Wednesday.

The Shenzhen International High-Tech Property Exchange Co. Ltd. was formed by nine high-tech financing organs in Shenzhen, which were all rich in both funds and operation experience, a local government source said.

A spokesman from the Shenzhen municipal government told a press conference today that the purpose of the company is to promote the R&D sector in the city and to make the trade of high-tech property right more open, fair and efficient.

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