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Shanghai to Build Two Trade Platforms
Shanghai will build two major trading platforms for high-technology and cross-boundary purchase and merging as part of the city's property rights market, Zhang Hailong, president of the Shanghai Property Rights Exchange (SPRE), said recently.
The SPRE, which has half of its trading volume are with high- tech stocks, will cooperate with the state-level Zhangjiang Hi- Technology Zone in New Pudong District to build a high-tech trading platform, he said.
So far, a high-tech trading branch has already been established in Zhangjiang, while Shanghai Zhangjiang Hi-tech Exhibition and Trading Center is around the corner.
Zhang also said that the plan to build a platform on cross-boundary trading will soon be implemented.
The SPRE will cooperate with the city's promotion center of foreign investment to establish an "expressway" for foreign capital to purchase and merge state-owned-enterprises through SPRE, he added.
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