The Provisions on the Acceleration of the Development of the Property Rights Trading Market in Guangzhou was recently released by the municipal government. According to the provisions, the property rights trading market will be established into a financial market platform with strong competitiveness and influence, and "the Guangzhou Price Index", which covers a range of commodities, will be incorporated into the platform. The provisions also touch upon "carbon trading" and trading rights for "carbon emissions", which will be launched in Guangzhou as a pilot program.
Guangzhou will facilitate the growth of the private equity market and explore the possibility of launching an over-the-counter (OTC) market in the city.
The city will also launch trading of real rights, equity interests, intellectual property rights, and technologies. Moreover, the city has plans to increase protection of IRP and build trading platform for forestry rights. Furthermore, Guangzhou is also expected to introduce carbon emission trading, which has been offered in certain development countries. The regulations also set forth provisions on accelerating the growth of the trading market for environmental resources, which, hopefully, will give rise to "Guangzhou Price Index" for certain types of resources.
(Translated by Guangzhou Association of Foreign Affairs Translators)
