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Nine Provinces (Autonomous Regions) along the Yellow River, including Shandong Accelerate the Integrated Development of Property Rights Markets

Source:The Seanews 08-18-2023 11:10:00

Recently, the 2023 Forum on the Market-oriented Allocation of Factors in the Yellow River Basin was held in Jinan, Shandong Province. Nine provinces (autonomous regions) along the Yellow River, including Shandong, officially launched the integrated development of property rights markets in the Yellow River Basin. The aim is to establish a mechanism for the smooth market-oriented circulation of factors in the region and accelerate the integration of property rights markets into a unified national market.

Relying on the Yellow River Technology Transfer Center established in Shandong, the nine provinces (autonomous regions) along the Yellow River have cooperated to develop a unified technology trading market in the Yellow River Basin and build a platform for the transfer and transformation of technological achievements that focuses on the Yellow River Basin and covers the whole country. So far, a total of 3,500 sci-tech projects that are worth 11 billion yuan have been listed and the amount of the transactions reached has totaled 5 billion yuan. Meanwhile, Shandong has made positive efforts to promote the information interconnection of trading institutions and intermediaries in the nine provinces (autonomous regions) along the Yellow River, build an integrated ecological service mode of "platform plus institution", and provide comprehensive supporting services such as investment banking, consulting, finance, and information technology for trading subjects. Besides, Shandong has also worked hard to become a leader in theoretical research on the property rights markets in the Yellow River Basin and pooled strength to contribute to deepening the market-oriented reform of factors and building a high-standard property rights market system.