Investment in forestry will earn money in the exchange instead of cutting trees in forests. Chinaforestry system reform goes an important step forward. China Forestry Exchange is unveiled for operation on November 23rd, 2009 in Beijing. Mr. Jia Zhibang, Director of State Forestry Administration, and Mr. Guo Jinlong, Mayor of Beijing Municipality, jointly unveiled the Exchange.
China Forestry Exchange (CFEX) is a nationwide forestry equity and forest resource exchange platform established upon the approval of the State Council. It is an important measure of Chinese government to build a sustainable forest industry, achieve the environmental goal of permanently green hills and clean water and actively respond to the global climate change.
According to a relevant authentic observer, forestry equity circulation it is obvious development of modern forest industry and contributes to the reasonable arrangement of various forestry production elements and the traditional forestry’s development towards modern forestry. Currently, China’s forestry equity circulation market is gradually growing. However, the transaction has lack unified standards and is made at a low level through simplified modes without standardized services and developed supervision. With the establishment of CFEX, under “open, transparency and justice” transaction managing mechanism, the transaction regulation, certificate, platform, information disclosure and supervision has being unified, which will contribute to the asymmetry and control of the circulation information and achieve an ordered forestry equity circulation to protect the legal rights and interests of forestry equity transaction stakeholders. It is encourage promoting the industrial capital flow into the forestry and the rapid development of the forestry and completely change the “weak and poor” situation of the forest industry.
Mr. Liang Yu, CFEX’s chairman of the Board, addressed on the ceremony that, as a state-level comprehensive forestry equity and forest resource transaction platform, CFEX will undertake the mission to provide auxiliary services to the country’s forestry system reform and contribute to realize a harmonious forestry economic environment with permanently green hills, clean water and sustainable application.
Mr. Ji Lin, the executive vice-mayor of Beijing, pointed out that Beijing will further optimize financial development environment, continuously improve and promote financial industry policies in the aspects of policy support, capital introduction and talent input and provide more supports to CFEX and other key element markets relying on Beijing’s advantage of the concentration of high-end financial industry resources.
