Provincial financial assets exchange unveils plaque in Huangpu

Guangdong Financial Assets Exchange unveils its plaque on Feb 28 in Guangzhou's Huangpu district.

The Guangdong Financial Assets Exchange, which has a registered capital of 147 million yuan ($23 million) and is Guangdong's only one of its kind outside of Shenzhen, unveiled its plaque on Feb 28 in Guangzhou's Huangpu district.

The exchange was set up with the approval from the People's Government of Guangdong Province and is designed as a local financial infrastructure at the provincial level. Its establishment has marked a new chapter in the regulated development of the Guangdong financial assets trading market and an important measure in formulating a financial infrastructure platform serving the market allocation and circulation of resource factors in the Guangdong-Hong Kong-Macao Greater Bay Area. 

It was jointly funded by six powerful State-owned companies in Guangdong including Guangdong Utrust Financial Leasing, the first-session chairman, Zhuhai Huafa Group and Zhuhai Da Heng Qin Group. The first batch of 58 projects went online the same day with a total capital scale of 39.1 billion yuan.

According to a representative from the Guangdong Financial Assets Exchange, the center will improve services for market entities in Guangdong province and prioritize risk prevention and control as number one.

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