On July 5, 2010, the Meeting for CBEX Group 2010 First Semi-annual Work was held at the financial street, Beijing. Xiong Yan, chairman of CBEX, and Wu Ruchuan, president of CBEX, respectively delivered a speech at the meeting. The staff of China Beijing Equity Exchange (CBEX), the managers of the sub-platforms and the representatives from the member agencies attended the meeting.

Wu Ruchuan made a work report on the performance of CBEX Group in the first half year. The report addressed that, during the first six months of 2010, CBEX Group totally completed 3,039 equity transactions; the total turnover reached 77.07 billion yuan, with a year-on-year increase of 86.4 percent; both the transaction scale and operating performance reached the peak at the same time in history.

In the first half of 2010, CBEX made an outstanding performance in all types of equity transactions, esp. state-owned assets exchange. The exchange of practical properties feature tailored services and innovation, while the investment and financing businesses are being promoted steadily. The exchange of the financial assets has stepped into the stage for a great-leap-forward development, and the other innovation-based businesses are gradually developing. All of those should be due to the hard work of the whole operation team, all the staff and all the members of CBEX, and great support from Beijing Municipal government, SASAC, SASAC of Beijing and Beijing State-owned Assets Management Co., Ltd.  In early 2010, Liu Qi, member of the Political Bureau of the CPC Central Committee and Party secretary of the CPC Beijing Municipal Committee, and Guo Jinlong, mayor of Beijing, successively paid a visit to CBEX and highly affirmed the contribution of CBEX Group.

In the second half of this year, for a standard and stable development, CBEX Group will enhance its business coordination and management, promote the further development of the CBEX businesses, help its branches to integrate their business modes for a further development.

Xiong Yan delivered a speech at the meeting and explained the group-based development strategy of CBEX in details. He said, the establishment of Beijing Financial Assets Exchange in early 2010 symbolized the group-based development had been promoted from the planning stage to the practicing stage; each staff member of CBEX should keep in mind the historic mission of the equity market and should work hard in the second half of this year under the direct of the strategy of “covering all state-owned asset exchanges and all types of such businesses and insisting on a market-oriented, international and information-based development” to make the successful mode for the exchange of the state-owned assets applicable for the exchange of the other public equities, and to strive for a new brilliant development boosting a steady increment, continuous innovation, ambition to go forward and a harmonious development.