On August 2nd, 2021, the Notice on Disclosing the List of Property Rights Traders with the Ability to Engage in Trading of State-owned Property Rights of Centrally-managed Financial Enterprises (No. 69 ) was officially posted on the website of the Ministry of Finance, authorizing the first batch of capable traders. Beijing Financial Assets Exchange (CFAE) was included.
Since its inception on May 30th, 2010, CFAE has been committed to serving trading of state-owned assets of financial enterprises and providing market members with trading services for unlisted state-owned property rights. In June 2010, the Document of the Beijing Municipal Bureau of Finance on Forwarding the Notice of the Ministry of Finance on Matters Concerning Implementing the Administrative Measures for the Transfer of State-owned Assets of Financial Enterprises (No. 1206 ) appoints CFAE as a property rights trader for engaging in trading of state-owned assets of local financial enterprises operating in Beijing and recommends it as a property rights trader for engaging in transfer of state-owned assets of centrally-managed financial enterprises.
According to state-owned financial capital management requirements stipulated in some documents, such as the Administrative Measures for the Transfer of State-owned Assets of Financial Enterprises (the MoF Decree No. 54) and the Rules for the Trading of Unlisted State-owned Property Rights of Financial Enterprises (No. 118 ), CFAE took the lead in working out business rules specific to the trading of state-owned assets of financial enterprises in the industry, in order to ensure the trading is open, fair and impartial, promote value preservation and appreciation of state-owned financial capital, and prevent the erosion of state-owned assets. These efforts resulted in many influential successful cases, such as the transfers of equity in Nanyang Commercial Bank and China United Insurance Holding Company Limited.
The Ministry of Finance issued an official document to confirm the list of property rights traders with the ability to engage in trading of state-owned property rights of centrally-managed financial enterprises in accordance with the Notice of the Ministry of Finance on Issuing Interim Provisions on Regulating Management on Trading of State-Owned Property Rights of Financial Enterprises by Property Rights Traders (No. 92 ). In the future, CFAE will continue to expand the width and depth of its services and provide strong guarantee and services for effectively strengthening the circulation of assets of financial enterprises and regulating the trading of state-owned assets of financial enterprises as required by the Ministry of Finance and the Beijing Municipal Bureau of Finance based on the development philosophy of serving the regulatory purposes and serving the market by making full use of its resources as a professional financial assets trader.