World Library  
Flag as Inappropriate
Email this Article

China Beijing Equity Exchange

Article Id: WHEBN0021430387
Reproduction Date:

Title: China Beijing Equity Exchange  
Author: World Heritage Encyclopedia
Language: English
Subject: Economy of China, China Beijing Environmental Exchange, China Milan Equity Exchange, Xi'an Aero-Engine Corporation, State-owned Assets Supervision and Administration Commission
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

China Beijing Equity Exchange

China Beijing Equity Exchange (CBEX; Chinese: 北京产权交易所; pinyin: Běijīng chǎnquán jiāoyìsuǒ) is an equity transaction bourse and platform run by the government of Beijing for mergers, acquisitions and restructuring of state-owned enterprises.

Background

China Beijing Equity Exchange was established in 1994 and now conducts more than 50% of equity transfer, M&A and reconstruction operations in China. CBEX is the sole institution for the transfer of ownership of state-owned enterprises, selected by the Beijing Municipal State-owned Assets Supervision and Administration Commission, and also one of the first trial equity transaction institutions authorized by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) for the transfer of ownership of state-owned enterprises owned by the Central Government. This implies that the largest and most profitable Chinese State-owned companies must necessarily be privatized through CBEX or one the remaining two Equity Exchanges authorised to this purpose. It is the first choice of distributing center for state equity transfer information in China, and owns plenty of resources on transfer of state-owned equities. The Investment and Financing Promotion Center of Zhongguancun Science & Technology Park, jointly established by CBEX and the Zhongguancun Science & Technology Park Administration is an important platform for investment and financing of high-tech enterprises in the Zhongguancun Science & Technology Park, and has accumulated a large number of investment and financing projects of high-tech enterprises. The Financing Asset Supermarket, jointly established by CBEX together with China Huarong Asset Management Corporation, China Orient Asset Management Corporation, China Cinda Asset Management Corporation and China Great Wall Asset Management Corporation, has collected financing assets. Meanwhile, CBEX has established co-operative relationships with equity exchange institutes in 24 provinces, autonomous regions and municipalities through the establishment of agencies, forming a nationwide-wide service network for equity exchanges which can disseminate information on equity exchange projects all over the country.

Quite differently from any other Equity Exchange in China, CBEX has developed a unique cross-border expertise and has carried out a large number of deals with foreign investors. CBEX has entered into co-operation agreements with Nasdaq, the Toronto Stock Exchange, the Zurich Stock Exchange, the Frankfurt Stock Exchange, Reuters and Sunbelt.

Mission

  • oversee the transfer of State-owned equity to minimize the State's losses through illegitimate valuation and back-office deals;
  • provide an open and transparent equity exchange forum;
  • link domestic companies with investors worldwide;
  • provide information on deals flows and valuation.

CBEX completed 4,151 transactions in 2008 for a combined value in excess of 10 billion Euros.

CBEX is operative in Italy through the equity exchange platform CMEX (China Milan Equity Exchange).

CMEX was founded in 2007 on the basis of an alliance agreement with CBEX on an exclusive basis.The alliance with CBEX makes CMEX the exclusive partner of CBEX in Italy.

Group sites

CBEX operates 12 Group sites or subsidiaries:

  • Jinmajia
  • CTEX
  • CFEX
  • CFAE
  • CBEEX China Beijing Environmental Exchange
  • CBMX China Beijing International Mining Exchange
  • BGEX Gold Exchange
  • CBRC
  • JCEX
  • CMEX
  • AAEE
  • RCUTP Russian Language

See also

External links

  • CBEX Official Website
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.