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China’s property rights market sees record trading

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The trading volume of China’s property rights market hit 22.5 trillion Yuan (3.28 trillion U.S. Dollars) last year, marking a new high, data showed.

About 14.86 trillion yuan of financial assets were traded in 2022, according to the Chinese State-owned Property Exchanges Association. Procurement transactions and asset and equity transactions came in at 5.1 trillion yuan and 1.88 trillion yuan, respectively.

7 billion yuan, transactions of various environment-related rights, including carbon emission and pollution discharge rights, were 13.33 billion yuan.

Xia called for pushing forward reforms and innovation and accelerating national integration.

 

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