BEIJING, July 1 (Xinhua) -- China's property rights trading market has seen rapid development in recent years with transaction scale exceeding 10 trillion yuan for the first time to reach 12.39 trillion yuan in 2018, showing a year-on-year increase of 56.9 percent, according to a capital market innovation & development forum held on June 29.
From 2012 to 2018, cumulative transaction volume of China's property rights trading market reached 38.32 trillion yuan, of which 1.8 trillion yuan were contributed by 15,100 state-owned property rights transfer projects.
Since the implementation of the state-owned assets trading supervision in July 2016, the property rights trading market has helped central and local SOEs to accomplish 1,140 capital enlargement projects, raising capital of 45.8 billion yuan.
With the continuous deepening of state-owned assets and state-owned enterprises reform in recent years, the property rights trading market has become an important operational platform for introducing social capital and promoting the mixed reform of state-owned enterprises.
Statistics showed that last year, the property rights trading market completed 1,420 mixed-reform projects, bringing in social capital of 232.8 billion yuan, with transaction number and scale exceeding these of 2017.
(Edited by Bao Nuomin, baonuomin@xinhua.org)
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