Property rights exchange hits record-high in Shanghai
( 2003-12-07 09:57) (Xinhua)
China's metropolis of Shanghai has seen a record-high rise in property rights
exchange this year, with the total trade volume reaching 152 billion yuan (18.3
billion US dollars), said the Shanghai Assets and Equity Exchange (SAEE) on
Friday.
The boom was attributed to the co-existence of various economies and a
maturer and more regulated market in the region, said SAEE President Zhang
Hailong.
Figures by SAEE show that by Dec. 3, it had made 3,508 deals ofproperty
rights exchange worth 152.13 billion yuan, up 3.39 and 39.54 percent
respectively year-on-year.
A considerably large part of the deals were made on the exchange of
state-owned assets, especially on those made in their purchase of private
assets, SAEE said.
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