Research On Business Development And Mechanism Innovation Of FY Property Exchange

Kunming Pan Asia United Assets and Equity Exchange Company (Hereinafter referred to as the "FY property rights exchange company"), which was founded in November of1989, is the first batch of Chinese transactions of property rights institutions with history of26years. The development purpose of the FY property right exchange company is dedication, innovation, service, and development, complying with national policies and regulations, provide various services for the enterprise restructuring in Kunming, and made a great contribution to the prosperity of the Kunming property right transaction market.26years of operation, the growing development of company, and the constantly improve of function, continuously upgrade the quality of service, the transaction volume growth from about50million Yuan to1.3billion Yuan from2004to the present, revenue growth from about0.1million Yuan to about20million Yuan, which plays an important role in the reform of state-owned enterprises and the management of state-owned assets in Kunming, especially played an important role in the reform of state-owned enterprises, the national property rights and other property rights transaction of the enterprises.The FY property exchange company has experienced different stages of development during the26years of development. From1989to2004is the initial exploration stage of the FY property rights company; From2004to2010is the specification development stage of the company; In2010the FY property exchange company was reorganized into Kunming Asia United Assets and Equity Exchange with Kunming land and mineral rights trading center, Kunming Real Estate Trading Center, the national patent technology (Kunming) exhibition and Trade Center, and put forward the "basing in Yunnan, facing to west, serving the whole country, radiation Pan Asia" as strategic development goals, and the trading business has been developed. In the process of progress of the company, and is also faced with challenges and opportunities, the business of the FY property exchange company want to be flourish, which should follow the pace of reform and innovation, seize the opportunity, and innovation of mechanism. In this paper, we will base on the development process and status of the FY property exchange company, make analysis of the necessity of business and the exchange mechanism innovation, to provide reference opinions in specialization, internationalization, marketization of the exchange business, as well as the mechanism of information disclosure, improvement in the price discovery mechanism innovation, market selection, market supervision and improve other aspects of innovation.This paper is significance for how to seize the opportunity to developing business and innovating mechanism of the FY property exchange company, at the same time, it also can provide reference for the domestic and international exchange of property rights in the aspects of reform and innovation.