China's property market innovation "Blossom"

All kinds of indications are that the financial crisis, while tumbling the traditional financial industry, seems to be becoming a great opportunity for the development of property market with Chinese characteristics. The state-owned property trade, which started as a business, has fallen far short of the appetite of local production and delivery agencies, under the unremitting efforts of "bottom-up", the Business form, transaction form, professional degree and practice concept of the property market are changing in quality, taking "rights and interests" as the center and "trading" as the goal of "big property". The concept is ready to be.　　At the same time, the huge demand caused by market innovation has attracted the capital of all sides to enter. On June 30, the fourth session of China property market Innovation Forum, with the Guangzhou property Exchange four new institutions of the official listing, from the domestic major production and delivery agencies of the bosses are gearing up, smug.　　In their view, innovation and practice are endless, as long as the pace of exploration does not stop, property market will eventually become the mainstream capital market. Diverse market highlights recently, the Shanghai United Property Exchange News said that the Chinese Agricultural Bank has officially signed a total of 30 billion yuan of mergers and acquisitions loan agreement, is expected in 3 years to the Shanghai Stock Exchange recommended customers to provide 30 billion yuan acquisition loan quota.　　At the same time, the Shanghai Stock Exchange is actively establishing the rural property exchanges, in order to promote rural property rights reform and development to provide a market-based platform. The property market has come from 2008, and its form innovation has not stopped. August 5, 2008, with the implementation of the Low-carbon economy Globalization, the Shanghai Environmental Energy Exchange and the Beijing environmental exchange were set up respectively. September 25, with the national policy basis of the Tianjin sewage Rights exchange listed. October, Chengdu Rural Equity Exchange was established. In the December, Chongqing Rural Land exchange was established, and the property market gradually developed from the area of regional center to the surrounding areas. Last December, Tianjin Tiancheng accepted the enterprise listing, and China's multi-level capital system opened up a gradual exploration of the OTC.　　With the opening of Tianjin Binhai International Stock Exchange, various places have gradually opened up the innovation of the stock exchange. Xiong, chairman of the Beijing Equity exchange, said in accordance with Beijing's plan, Beijing exchange will rely on the establishment of an equity element system. Today, the North Exchange has planned the establishment of the professional factor market platform, in addition to the established Beijing Environmental Exchange, China Forestry property Exchange has completed registration.　　At present, the Chinese technology exchange, Beijing Stock Exchange, Beijing mining rights Exchange, Beijing Art Exchange and other professional trading platform for equity.　　According to relevant data analysis, the second half of 2008 was affected by the financial crisis, China's capital liquidity has not changed from surplus to inadequacy, but in the first half of this year to continue to maintain a surplus of evidence, all kinds of capital is still very active. "The systemic risk of China's economy is the fragmentation of capital markets, and the fragmented middle zone is the golden Zone of financial innovation." And the property exchange has a great contribution to prevent the market risk and improve the financial market's core competitiveness. "ICBC Investment Banking Department general manager Li Yong in the forumThe potential of the property market was enormous, the statement said.　　Li Yong disclosed that ICBC and Beijing, Shanghai, Shenzhen and Guangzhou's property exchanges have signed a merger loan agreement.　　PE market potential is huge. PE insiders also said that for private equity, the property market is still a value depression waiting for further development. China Branch Investment Fund (Management) company Chairman Xiangshuang Double in the forum to calculate a sum of accounts: according to incomplete statistics, the country has the development of PE conditions of the town is probably more than 600, the average urban government within 5 years to invest in guiding funds 500 million. 600X5 billion, 300 billion of government-directed funds will be injected into the government's equity market. According to the past estimates, the government set up equity investment funds, the leverage will generally be magnified 5 times times. As a result, 300 billion x5, or 1.5 trillion, of equity investment funds will be generated.　　Putting the 1.5 trillion into the project, since the government's shareholding is typically no more than 20%, the entire project attracts private equity funds to reach 7.5 trillion per cent. "In this 7.5 trillion, there are generally 50% to 60% of the equity project, that is, 4 trillion, to be transferred through the OTC, mergers and acquisitions to trade, through IPOs generally only accounted for around 10%." 4 trillion if 20% is traded through exchanges, it is 800 billion of the space.　　"Tanxiang said. Equity market into international cooperation hotline more and more international cooperation shows that China's property market is opening its internationalization path. 　　The current form of property market innovation in the country is driven by global economic development, such as the carbon trading market in Beijing and Shanghai's environmental exchange. June 18, 2009, Beijing Environmental Exchange and New York Pan-European Securities trading group Bluenext Exchange reached a strategic cooperation signing ceremony. According to the content of the agreement, the Beijing environmental exchange listed CDM projects will also be published in the Bluenext channel. 　　Industry insiders believe that China's CDM project owners will be able to face a large number of international buyers, which would increase the bargaining power of CDM owners in China, reduce the transaction costs of CDM project buyers and sellers, and create greater liquidity in the CDM market, all have a very important role. In this respect, Heping suggested that the North Exchange and France can be in the strategic alliance at this point, the implementation of electricity trading. "This is likely to make China and the Western developed economies the best electricity trading products in the east, and absorb the world's developed economies and China's economic industry, two advantages."　　"Heping said. Data show that last November, the south-South global technical property exchange, settled in Yangpu, has the title of global Technology Equity supermarket, has been listed in nearly 700 technical projects, the transaction amount amounted to 100 million U.S. dollars. The North's overseas trading platform has expanded overseas ownership exchanges last year, with both the China-Japan Equity Exchange and the US-China Equity exchange set up in the second half of last year. The recently established Shanghai Cultural Property Exchange has also extended its business to the cultural and creative industries market strong Japan.The Japanese cartoon "Genesis San Guizhide Podasi" became one of the first listed items of Shanghai Cultural Property exchange, hoping to find a market in China. A property rights personage who does not want to be named believes that this series of internationalization moves is a huge innovation of our country's property right market, and "going out" will be beneficial to the marketization and internationalization of China's property market.