China established its first national assets trading platform for public private partnership (PPP) on Tuesday in Tianjin.
The PPP assets trading and management platform was jointly founded by China Public Private Partnerships Center under the Ministry of Finance and Tianjin Financial Assets Exchange.
The platform will provide PPP consulting, planning, bidding and supervision services for local governments, to facilitate private capital to join PPP projects, said Ding Huamei, president of the exchange.
By the end of 2016, the China PPP integrated information platform had admitted 11,260 projects, with a total investment of 13.5 trillion yuan. Among them, 1,351 projects were signed to enter into the implementation phase, involving an investment of 2.2 trillion yuan.