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A platform for trading technological property rights was launched March 1 in Beijing's Zhongguancun area, which is dubbed China's Silicon Valley for the large number of high-tech enterprises and research institutions it harbors.
The Zhongguancun Technological Property Rights Exchange (ZTPRE) aims to help high-tech startups and projects find venture capital through trading property rights.
Investors and owners of technological property rights are required to delegate transactions to brokers and do not need to pay a commission to ZTPRE directly.
Statistics show that 40 percent of the 10,000 Zhongguancun- based enterprises need to raise money through financing. A mature capital market and a trading platform for property rights are urgently needed to further develop the high-tech incubator.
According to ZTPRE president Xiong Yan, the newly established exchange aims to become an important part of the Beijing capital market as well as a property rights trading center in north China.
China's first technological property rights market was established in Shanghai in 2000. At present, there are over 30 technological property rights markets across the country.
(Xinhua News Agency March 4, 2003)
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