China Beijing Equity Exchange (CBEX; ) is an equity transaction
bourse and platform run by the government of
Beijing
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Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
for mergers, acquisitions and restructuring of
state-owned enterprises.
Background
China Beijing Equity Exchange was established in 1994 and now conducts more than 50% of equity transfer, M&A and reconstruction operations in China. CBEX is the sole institution for the transfer of ownership of
state-owned enterprises, selected by the Beijing Municipal State-owned Assets Supervision and Administration Commission, and also one of the first trial equity transaction institutions authorized by the
(SASAC) for the transfer of ownership of state-owned enterprises owned by the Central Government. This implies that the largest and most profitable Chinese State-owned companies must necessarily be privatized through CBEX or one the remaining two Equity Exchanges authorised to this purpose. It is the first choice of distributing center for state equity transfer information in China, and owns plenty of resources on transfer of state-owned equities. The Investment and Financing Promotion Center of
Zhongguancun
Zhongguancun () is a major technology hub in Haidian District, Beijing, China.
Zhongguancun occupies a band between the northwestern Third Ring Road and the northwestern Fourth Ring Road, in the northwestern part of Beijing. Zhongguancun is ...
Science & Technology Park, jointly established by CBEX and the Zhongguancun Science & Technology Park Administration is an important platform for investment and financing of high-tech enterprises in the Zhongguancun Science & Technology Park, and has accumulated a large number of investment and financing projects of high-tech enterprises. The
Financing Asset Supermarket, jointly established by CBEX together with
China Huarong Asset Management,
China Orient Asset Management,
China Cinda Asset Management and
China Great Wall Asset Management
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
, has collected financing assets. Meanwhile, CBEX has established co-operative relationships with equity exchange institutes in 24 provinces, autonomous regions and municipalities through the establishment of agencies, forming a nationwide-wide service network for equity exchanges which can disseminate information on equity exchange projects all over the country.
Quite differently from any other Equity Exchange in China, CBEX has developed a unique cross-border expertise and has carried out a large number of deals with foreign investors. CBEX has entered into co-operation agreements with Nasdaq, the Toronto Stock Exchange, the Zurich Stock Exchange, the Frankfurt Stock Exchange, Reuters and Sunbelt.
On July 18, 2017, CBEX SINOWING International Board, SINOWING (Beijing) Asset Management Co. Ltd and Robert W. Seiden, a Receiver of the U.S. Courts, held a signing and listing ceremony for sale of Chinese companies previously listed on U.S. Stock Exchanges by the Receiver of each company. The projects that were and are being listed on the CBEX SINOWING International Board cover more than 20 industries ranging from energy, medicine and technology, to real estate development, agriculture, and health products.
Mission
* oversee the transfer of State-owned equity to minimize the State's losses through illegitimate valuation and back-office deals;
* provide an open and transparent equity exchange forum;
* link domestic companies with investors worldwide;
* provide information on deals flows and valuation.
CBEX completed 4,151 transactions in 2008 for a combined value in excess of 10 billion Euros.
CBEX is operative in Italy through the equity exchange platform
CMEX
CMEX (China Milan Equity Exchange) is the first equity exchange platform set up in Europe to help European companies gain access to the ongoing privatization process of Chinese State-owned enterprises. China's equity exchanges were set up by the ...
(
China Milan Equity Exchange).
CMEX was founded in 2007 on the basis of an alliance agreement with CBEX on an exclusive basis. The alliance with CBEX makes CMEX the exclusive partner of CBEX in Italy.
Group sites
CBEX operates 13 Group sites or subsidiaries:
*Jinmajia
*CTEX
*CFEX
*CFAE
*CBEEX China Beijing Environmental Exchange
*
CBMX China Beijing International Mining Exchange
*BGEX Gold Exchange
*CBRC
*JCEX
*CMEX
*AAEE
*RCUTP Russian Language
*CLEX www.clexlimited.com
See also
*
Beijing Stock Exchange
The Beijing Stock Exchange (BSE; ) is a stock exchange based in Beijing, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Shanghai Stock Exchange and the Shenzhen Stock Exchange.
H ...
*
China Milan Equity Exchange
*China's
Go Global Strategy
*
List of government-owned companies of China
This is a list of state-owned enterprises of China. A state-owned enterprise is a legal entity that undertakes commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies ...
References
External links
CBEX Official Website
{{Portal bar, China
Economy of China
1994 establishments in China