Zhangjiangko invested 16 million to build Shanghai equity Trusteeship Trading Center

Zhangjiangko announced today, the company intends to invest 16 million yuan to participate in the formation of Shanghai Equity Trust Trading Center Co., Ltd. (tentative name). The newly established Shanghai Equity Trust Trading Center is to be registered in Zhangjiang high-tech park, with a registered capital of 80 million yuan, which is funded by the Shanghai United Property Exchange, Shanghai International Group Limited and Zhangjiangko respectively according to 50%,30% and 20%.　　After the establishment of the Shanghai equity Trusteeship Trading Center Co., Ltd., the company will provide equity trusteeship, equity registration, equity transfer and related advisory services to unlisted companies and limited liability firms. Zhangjiangko's investment is far-reaching. According to the capital market situation, relying on the Shanghai and Shenzhen Stock Exchange and the agency's share transfer system, which can not meet the demand of diversified equity flows in the market, it is inevitable that the development of multi-level capital market and OTC securities market, and the construction of OTC market has become an important work direction in the construction of multi-level capital market of the SFC. At present, OTC transactions in addition to the agent in the transfer system outside the main board market external market transactions, there are a large number of shares of the stock company registered in the Trust Center, Equity Exchange in the OTC market transactions.　　and Zhangjiangko's participation in the establishment of the Equity custody Trading center, is an important part of OTC transactions. However, public information shows that Shanghai has set up the Shanghai Equity Custody Registration Center. The center is approved by the Government of Shanghai, the only professional engaged in unlisted stock companies, transfer, inquiries, dividends and other business equity custody registration service. The center was established in August 2004 with the approval of the government, will be originally attributed to the Shanghai United Property Rights Exchange set up the Department of Equity custody, restructured into a Shanghai equity custody Registration Center limited liability company. In view of this, there is a problem of how to coordinate with the original equity Trusteeship Registration Center in the newly-established Shanghai Stock Exchange Center.