CHONGQING (CQNEWS) Chongqing United Assets and Equity Exchange (CUAEE) saw rapid growth in terms of transaction scale in 2013 and ranked the first among the city’s seven exchanges. It is anticipated to be upgraded to a 100-billion-level equity transaction club in 2014.

CUAEE has established cooperation with the public resource transaction platforms of 20 districts and counties and has achieved breakthroughs in land transfer and the government franchise.

The innovative business of districts and counties saw a transaction amount of 37.8 billion yuan, which is 10 times that of traditional businesses, promoting the leapfrog development of the equity market out of the main urban area.

The Central enterprises’ transaction business witnessed the best performance of 14 billion yuan. Projects from other domestic cities accounted for over 80%, and even expanded to overseas.

In 2014, CUAEE will explore carbon and mining right trading as well as the trading of agricultural products including the collective forestry property right; facilitate the circulation of rural production factors and materials and activate the factors, and boost the agricultural development oriented towards industrialisation. (Translated by Chen Siyan, Fathom Language Limited)