One of Chenzhou city's departments authorized Hunan Joint Equity Exchange Company Chenzhou Branch (short for Chenzhou Exchange Company) to deal with an off-road vehicle. Finally, it was sold with a bidding price of 197,000yuan which was 32,000yuan higher than the first setting price. It was learned that on July 16, 2014, some idle assets of former Chenjia railway were issued to on-line auction and sold with 888,000yuan which was 424,100yuan higher than the evaluated price, up 91.4%. This kind of high increasing of exchange price was due to the advanced exchange mechanism, system and solution.
In order to enhance the construction of exchange place for the state-owned assets, Chenzhou city worked together with Hunan Joint Equity Exchange Company- a leading equity transaction company of Hunan province and establish Chenzhou Exchange Company in last September. This company was the exclusive authorized equity transaction company approved by Hunan province government since the State Council's renovation work for exchange places handled from 2012. This company was also inaugurated as "Chenzhou Public Resources Exchange Center- Public Equity Exchange Sub-center" that only one batch of staffs to deal with the market-oriented operation.
Followed with the operation model of separated management and operation, Chenzhou Exchange Company expanded its exchange information to different exchange centers of Hunan province and some other cities around China, which helped to provide high efficient transfer of property rights and capital operation. By connecting with the networking system of Hunan Joint Equity Exchange Company, Chenzhou Exchange Company realized "four unified" as unified releasing of exchange information, unified exchange rule, unified exchange system, and unified monitoring of information. At the meantime, because of the safe and stable on-line auction system, some bad behaviors on the process of auction were avoided efficiently. Furthermore, a comprehensive monitoring mechanism formed by some departments soundly ensure the regulated performance of the exchange institutions.
Till the end of this June, 37 cases were settled in Chenzhou Exchange Company, accounting for 127.2588million yuan.