Shandong to establish OTC market
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China.org.cn, December 13, 2011
Shandong Province's government will build and monitor over-the-counter derivatives market to facilitate transactions between unlisted companies in order to perfect the financial system of Shandong Peninsula Blue Economic Zone, according to the newly-published Advices of Financial Support on Shandong Peninsula Blue Economic Zone.
In addition, Shandong will expand the pilot area to national high-tech zones in Qingdao, Yantai, Weifang and Weihai.
Furthermore, Shandong will utilize its shipping and trade distribution advantages to accelerate the construction of the international trading center of marine products and develop equity transaction market and carbon emissions trading market.
Based on local resources and industrial base, Shandong will accelerate the development of new property rights trading market of technical, environmental, agricultural areas.
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