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Shenzhen's high-tech property trading up 118%
(Xinhua)
Updated: 2005-02-14 10:47

Transactions of high-tech properties at Shenzhen High-tech Exchange in South China's Guangdong Province were worth 14.2 billion yuan (US$1.71 billion) last year, up 118 percent over that in 2003.

Chang Jinyong, president of the Shenzhen High-tech Exchange, said standardized operation and diversified ways of trading were the main reasons behind the exchange's brisk business in the past year.

In the meantime, the exchange also took pains to improve management and ensure the company's profitability. The exchange cut costs by 22 percent, but its operating revenue went up 79.8 percent in 2004, according Chang.

Shenzhen, a boomtown facing Hong Kong across a river, hosts the China High-tech Fair every October.

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