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Dalian Financial Assets Exchange completes ownership reorganization

BEIJING
2015-09-21 14:23

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Dalian Financial Assets Exchange Co., Ltd., a financial assets bourse in the Chinese port city of Dalian, has completed ownership restructuring under the state-owned assets reforms and started to operate as a mixed-ownership company on Sunday.

The newly-reorganized firm raised 90 million yuan of new capital from six investors including privately owned IT company Sinodata Co., Ltd. (002657.SZ).

Dalian Financial Assets Exchange was founded in 2011 by Dalian Property Rights Exchange Co., Ltd., an equity trading platform owned by the State-owned Assets Supervision and Administration Commission of the People's Government of Dalian.

Mixed ownership model allows private-sector capital to invest in state-owned sectors while the state continues to hold the controlling stake.

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