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.
The Investment and Financing Promotion Center of Zhongguancun 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.
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.
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.