The South-South Global Technology Assets and Equity Exchange was inaugurated in Shanghai on November 3.
The South-South Global Technology Assets and Equity Exchange originated from a relevant project jointly signed by three parties – the Special Unit for South-South Cooperation (SU/SSC) of the United Nations Development Program (UNDP), the China International Center for Economic and Technical Exchanges and the Shanghai United Assets and Equity Exchange. After over a year of trial operations, the exchange obtained approval from relevant departments of the Shanghai government and the State Administration for Industry & Commerce to officially become a legal entity for independent operations.
With UNDP's SU/SSC as their foundation, the South-South Global Technology Assets and Equity Exchange was established with the purpose of exploring fair environments and opportunities for global economic development, and with a goal of building a new industry assistance mechanism in developing countries.
Its responsibility is to build an open, fair and impartial trading platform for technology property rights. With joint support from the UNDP, relevant departments of the Chinese government and the Shanghai government, the exchange will become a global, public welfare and non-profit organization for independent operations.
By People's Daily Online
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