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First water-right exchange likely to be established in 2014, report

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2014-11-06 GMT+8:00

BEIJING, Nov. 5 (Xinhua) – China national water-right exchange is likely to be established this year, the Xinhua-run Shanghai Securities News reported on Wednesday, quoting an unnamed source.

All signs indicate that the country is pushing forward reforms on water right trading at a pace faster than expected, according to the report.

The source said the exchange has been prepared for more than two years and its businesses will cover water-right transaction, water-right engineering and equipment bidding, water-right enterprise equity trading, water-right assessment and water-right finance.   (Edited by Liu Xiaoyun, liuxy08@xinhua.org)

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