China Beijing Equity Exchange Witnesses the Tenth Anniversary of Disposal of State-owned Assets of Municipal-level Administrative Institutions
On September 29, 2007, Beijing Municipal Bureau of Finance and China Beijing Equity Exchange signed an agreement. Since then, China Beijing Equity Exchange has been officially entrusted to dispose of state-owned assets of municipal-level administrative institutions. In the past decade, China Beijing Equity Exchange fulfilled disposal tasks of more than 1,500 batches of general assets held by municipal administrative institutions, which involved with original asset value of RMB2.4 billion. Transaction amount reached RMB222 million and exceeded assessed value by RMB106 million, which marked value appreciation rate of 91.38%. China Beijing Equity Exchange disposed 14,000 motor vehicles held by municipal administrative institutions, with transaction amount of RMB120 million. Dynamically-quoted vehicles saw value appreciation by RMB40 million, which marked value appreciation rate of 61.9%.