The Chongqing United Assets and Equity Exchange obtained approval to trade property rights of Stated-owned enterprises (SOEs) supervised by the central government on June 18.
The exchange is China's fourth qualified to trade property rights of central SOEs, after property right trade institutions in Beijing, Shanghai, and Tianjin.
By the end of 2006, the exchange had completed 3,692 transactions with a total turnover of 26.8 billion yuan (US$3.5 billion).
There are nearly 5,300 central SOEs in China's central and western areas, including Hunan and Hubei provinces, with total State-owned assets of 3 trillion yuan.
