First China Property Market Annual Forum" Held in Beijing PR Newswire - February 01, 2007 09:03
SHENZHEN, China, Feb 01, 2007 /Xinhua-PRNewswire via COMTEX/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading electronic online equity exchange service provider in China, announced that "The First China Property Market Annual Forum -- 2007 Development Forum of the China Multi-Layer Capital Market" was successfully held at Peking University on Jan. 27th and 28th. The forum was co-organized by Intermost's wholly-owned subsidiary, Chinae.com Technology (Shenzhen) Co., Ltd. ("Chinae.com Technology"), and the Sina Equity Channel. It is an exceptionally distinguished summit in the China Equity Exchange Market. Board Chairman of Chinae.com Technology Mr. Rocky Urianghai, and chiefs of National Development and Reform Commission Mr. Li-ming Wang and Mr. Tong Zhu, were invited.
Mr. Urianghai said, "The China Equity Exchange Platform ( http://www.chinae.com ) is a bridge, which connects regional equity exchanges around China. It breaks boundary limitations and makes cross- boundary equity exchanges possible. The China Equity Exchange Platform is a top service platform providing the best value added services to equity investors." Participants showed intense interests in the China Equity Exchange Platform. Further discussions on how to successfully implement cross-boundary equity exchanges via the Platform are continued after the round table. The business model of the China Equity Exchange Platform is well endorsed by governmental officers.
Mr. Guan-hua Zhong, Vice President of the Henan Property Rights Exchange Center gave a delicate presentation on the significance of regional equity exchanges to the Multi-Layer Capital Market. The Henan Property Rights Exchange Center is a business incubator, which has fostered a good many well- performing enterprises and assisted them in listing on the main board markets in China and overseas. It sets an outstanding example for standardized equity exchanges. On a statistical estimation, there are at least twenty such standardized equity exchange institutions in China, and most of them have established close relations with the China Equity Exchange Platform.
The Forum attracted about 300 participants, including governmental officers, experts, and scholars. Principals from regional equity exchanges in China also attended, in addition to well-performing private enterprises in China, and security and investment companies from China and abroad. Major mass media gave enormous publicity to the event.
IMOT was one of the first Internet companies in China, they were working on ShenZhen Exchange networks/servers/software when ShenZhen Exchange was just started, in return ShenZhen Exchange gave them shares. This was long time ago in cyberspace, at that time, the stock exchange in China was almost non-exist. Also at the dom.com boom, IMOT was trading at dollars.