Zhejiang China Commodities City Group Co.,Ltd (China)

The company is currently one of China's largest wholesale market developers. Its businesses focus on exclusive development, management, Yiwu China Commodity City based services. The commodity city has 43 sectors, 1900 categories, 400000 kinds of commodities including handicrafts, hardware, daily necessities, textiles, clothing, covering nearly all daily use and industrial products, among which 60% are export-oriented products. Products are exported to over 212 countries and regions. The Yiwu commodity city is also one of China's key export bases for commodity circulation, research, exhibition, important and export. Relying on excellent business environment and abundant market resources of Yiwu China Commodity City, the company implemented strategy of enhancing major markets, promote related development, implementation of diverse modes of development. Through non-public offerings of stocks in exchange of market assets as well as major asset restructuring, the government is expected to achieve absolute control of the company, which further makes interests of government-backed company complies with government itself. This also offers asset platform, revitalizes the stock of state-owned assets, realizes preservation and appreciation of state-owned assets and enhances the rapid grow of the company.