The construction for multi-level capital market enters a new stage.

On December 26, 2008, Tianjin Equity Exchange officially welcomed the first batch of 3 participant companies after 3 months’ preparation. This means the official opening of Tianjin Equity Exchange, which is solely approved by the Tianjin Municipal Government for the involvement in the trade of equity of “two-high, two-non” enterprises (the new and high-tech enterprises in a new and high-tech zone, non-listed and non-public enterprises), as well as private equity trade.