Merging

The Beijing Municipal Government has a total of 300 billion yuan in State-owned assets under its supervision, of which commercial assets account for 186 billion yuan. In the coming three to five years, it is expected that half of the total State-owned assets will be redistributed.

The State-owned assets directly supervised by the Chinese central government break down into three portions. The first portion refers to the commercial assets, of which the State-owned Assets Supervision and Administration Commission oversees 7,130 billion yuan. The second portion refers to around 4,000 billion yuan worth of non-commercial assets such as education, health care, culture and media. The third portion refers to around 28,000 billion yuan worth of financial assets supervised by China Banking Regulatory Commission, China Insurance Regulatory Commission and China Securities Regulatory Commission.

In July 2003, the Beijing Municipal Government kicked off a campaign of "Equity Reorganization Among 100 Beijing State-owned Enterprises, Foreign-funded Enterprises and Non-state-funded Enterprises," which was designed to broaden available investment channels via the Beijing Equity Exchange.The procedures to trade State-owned equities are as follows

China-Beijing Equity Exchange

Address: 2nd Floor, Liang Zi Yin Zuo Building, Dayuncun, No. 23 Zhichun Lu, Haidian District, Beijing, 100083

Tel：+86 10 8235 8800

WWW：http://www.ctee.com.cn

WWW: http://www.cbex.com.cn