Market Introduction

Factor Market

Yiwu Human Resources Market

Yiwu Human Resources Market is located at the Yiwu Job Recommendation Center Building with the government investment of RMB64.30 million and total site area of 21,944 sq m and total building area of 28,000 sq m. The Market creates a sound environment for the accumulation of talents and the elevation of scientific and technological competitiveness and will surely provide strong human resources support for the elevation of Yiwu’s modern economic competitiveness, thus attracting more and more investors to settle down in Yiwu.

In line with the modern market operation rules, Yiwu Human Resources Market is the first in China to adopt open-oriented and specialized operation mode to invite a number of excellent employment agencies at home and abroad to set up talent recommendation windows, among which are Senior Talent Dispatch Department of National Human Resources Exchange Center, (Canada) North America Center for International Exchange and Development, Hong Kong Reach Human Resources Center, Human Resources Market of Zhejiang Province, Human Resources Market of Heilongjiang Province, Job Recommendation Center of Shenyang City, Human Resources Market of Wuhan City and Human Resources Market of Xi’an, thus preliminarily forming the first talent “supermarket” in China.

Yiwu Human Resources Market has been open since February 8, 2003. Every Saturday the human resources exchange activity is held with employment information publicized on the Yiwu Human Resources website (www.ywrc.com.cn) and scroll displayed on the big screen at the scene of the human resources exchange activity.

Yiwu Human Resources Market, composing human resources exchange market, talent “supermarket” and Yiwu Human Resources website, mainly provides human resources intermediary services and offers a place for the interactive activities of recruitment and job application.

Human Resources Exchange Market: Every Saturday the human resources exchange activity is held regularly apart from various irregular recruitment fairs with specific subjects (including the human resources exchange activities held for counties, cities and sub-districts surrounding Yiwu). The employing units directly set up stalls in the market to attract talents. 

Talent Supermarket: A number of excellent employment agencies at home and abroad set up talent recommendation windows in the Human Resources Market all the year round. Taking advantage of the human resources service strength of various employment agencies, the Talent Supermarket bases herself on Yiwu and faces the world to hold diversified human resources exchange activities.

Yiwu Human Resources Website: Yiwu Human Resources website fully employs the high-tech internet technology to connect with both the human resources websites at provincial, national and international levels and the industrial and commercial enterprises in towns to release the supply and demand information of human resources, thus expand the online market for human resources exchange and provide convenient and efficient employment platform for employers and job applicators.

Yiwu Human Resources Market is located at No.389, Xiangshan Road in Yiwu City. You can take No.18 or No.313 buses directly to the Market. Also you can take No.1, No.5, No.7, No.9 or No.12 buses to get off at the stop of Hengfeng Group, go west scores of meters, turn at Xiangshan Road and there are only more than a hundred meters to go south.

Yiwu Trading Center for “Goldway”

On the morning of September 6, 2005, the first county-level gold trade center in Zhejiang Province hung out its shingle and started it business at the fifth floor of Yiwu Customs Building. This indicates that since that day, Yiwu people have been able to conduct gold late settlement trading in the Yiwu Trading Center for “Goldway”.

For a long time, investors in Yiwu haven’t had much access to gold investment, let alone physical gold investment. Therefore, the establishment of Yiwu Tading Center for “Goldway” filled the gap in the field of physical gold investment. It is reported that Yiwu Tading Center for “Goldway” is corporately composed of Gaosaier Gold and Silver Co., Ltd. and Yiwu Gaoxin Gold and Silver Product Co., Ltd. And Gaosaier Gold and Silver Co., Ltd. was registered and established in mainland China with joint investment of Great Wall Gold and Silver Refinery and China Gold and Silver Co., Ltd., providing physical gold bar trading services in 14 provincial-level cities all around the country in cooperation with China Merchants Bank.

The Gaosaier gold bars offered by Yiwu Tading Center for “Goldway” is cast by the world renowned Great Wall Gold and Silver Refinery with the specifications of 20 ounces per bar and gold content of 99.99%. The delayed price of Gaosaier gold bars is based on the gold spot price on the London metal market with reference to the latest price of that day in the Shanghai Gold Exchange  

It is reported that investors could make transactions by giving commissions to the Trading Center no matter how the gold price fluctuates and take advantage of the price changes to obtain the profits from the price differences, which is commonly known as gold speculation. If investors want to gain profits from the gold speculation, they have to know the latest gold price in the international market. Reporters saw that large electronic screens were erected in Yiwu Tading Center for “Goldway” to display the real-time market prices of gold, which was easy for the investors to know the internationally synchronized price for Gaosaier gold bars. Besides, investment consultants also made on-site explanations for the questions that investors were interested in.

Gaosaier Gold and Silver Co., Ltd. is the first company that offers investment-type gold bars and sells the gold bars through banks. Zhou Li’ang, general manager of Gaosaier Gold and Silver Co., Ltd. said that “Gold way” is a kind of gold late settlement trading business and is commonly known as gold speculation with deposits. It is said that the deposit ratio is defined as 10% with three transaction ways of spot trade at the Trading Center, online transaction commission and transaction commission through telephone. Both individuals and corporations can apply for the service.

Trading Variety: 20-ounce gold bar

Before this, Gaosaier Co., Ltd., together with China Merchants Bank, introduced to public the investment-type gold bars in 2 ounces, 5 ounces and 10 ounces different from the 20-ounce gold bas for “Goldway” business. It is reported that the least amount for every transaction is one lot, one lot equals to 100 ounces, which is five gold bars, and the amount for every transaction shall be the integer multiple of one lot.

Trading Capital: deposit only accounting for 10% of the real price

Although the investment-type gold bars prior to the “Goldway” business possess the functions of both value retaining and investment, investors have to do full-price dealing.

Zhou Li’ang also said that the “Goldway” business adopted the deposit system with the deposit ratio of 10%, which means after paying only 10% of the real price as deposit, customers could conduct gold trading and gain profits from the price differences, and if customers wanted to draw out the physical gold bars, they had to pay off the balance.

Target Customer of Trading: both individuals and corporations

Compared with the formerly introduced investment-type gold bars, “Goldway” business is more suitable for investment. Thus, both individuals and corporations can apply for the service.

Prior to trading, investors shall sign an agreement with Gaosaier Co., Ltd. Once investors obtain the authorization from the company, they can start their activities of gold speculation.

Trading Hours: from 9 am to 1:30 am

It is reported that the trading hours for customers is from 9 am on the first day to 1:30 am on the second day, same with the trading time in the international gold trading market, thus realizing the real-time trading. Besides, there are no limits on the trading times for one account and customers can buy and sell gold bars as frequently as they wish every day.

Trading Fee: 0.06% of trading value

Yiwu Trading Center for “Goldway” is responsible for price quotation in the whole process of trading and customers buy and sell gold bars freely according to the quoted price. The company will charge trading fee in each transaction, accounting for 0.06% of the trading value.

Yiwu Land Trading Market

On the eve of National Day, the 365 Convenient Services Center for Citizens of Yiwu City was decorated with color balloon banners where Yiwu Land Trading Market held her inauguration ceremony. The establishment of Yiwu Lang Trading Market put a stop to Yiwu’s history of lacking places for land trading while boasting a high demand for land trading.

Liu Yunzhou, proprieter of Newspaper Office of Land and Resources of China, and Wang Songlin, director-general of Department of Land and Resource of Zhejiang Province, unveiled the name plate of the market. Lou Guohua, secretary of committee of the CPC of Yiwu City and director of the standing committee of the NPC of Yiwu City, announced the market was officially put into operation. Wu Weirong, deputy secretary of committee of the CPC of Yiwu City and governor of Yiwu City made speech on the ceremony. Senior officers of Yiwu City Tong Xiangdi, Wan Guanhua and Ma Qi also attended the inauguration ceremony.

In 1991, Yiwu City was the first in Zhejiang Province to carry out the reform of paying for the use of state-owned land in the urban and rural areas, activating the market for land trading and considerately accelerating the process of modernization of Yiwu City. According to statistics, so far, the area of state-owned land in the urban and rural areas whose use right had been transferred has reached 14.5 million sq m with collection of transfer fee of over RMB 10 billion. However, in the process of implementation, due to lacking standardized and orderly mechanism and system for land market trading and management, the illegal land assignment and land trading under the counter took place from time to time in recent years, resulting in the loss of state-owned and collective land assets to some extent. The establishment of Yiwu Land Trading Center provides an open, fair and just environment for land trading and is of great importance to the protection of limited land resources, rational and optimal allocation of land resources, realization of land value retaining and appreciation and strengthening the construction of a clean government. The newly-established Land Trading Market was located at the third floor of the 365 Convenient Services Center for Citizens of Yiwu City. Wu Weirong required in his speech that the Land Trading Market should obey the tenets, drawn up by the 365 Convenient Services Center for Citizens, of “optimizing environment, standardizing services to serve the economic development through administrative measures” and keep the promises of “letting the citizens enjoy convenience and leaving troubles for ourselves” and “persistently improving service quality to be a good image ambassador to Yiwu Government”, conscientiously performing her duties to create a sound land trading environment and provide a fast and convenient “one-stop” service for land traders so as to make much contribution to the fast construction of an international commercial and trading city.

Yiwu Ownership Trading Market

Yiwu Ownership Trading Market of Zhejiang Province was established in March 1994 with the permission of Yiwu People’s Government and joint investment from Zhejiang Hengfeng Group Co., Ltd, Yiwu State-Owned Assets Holding Co., Ltd. Yiwu Economic and Social Development Consulting Co., Ltd. Yiwu Brokerage House and Yiwu Industrial Collective Assets Management Center and was one of the first ownership trading institutions, approved by State-owned Assets Administration Bureau of Zhejing Province, with the qualification for transfer of state-owned and collective ownership.                                                                                                                                                                                                                                  

The Center adopts the general manager responsibility system under the leadership of board of directors with four functional departments of Offices, Financial Liquidation Department, Operation Department of Yiwu Commodity Trade Center and Ownership Trading Department.

The Market started her business as stall use right transfer agency for China Yiwu International Commodity Trade Center and gradually expanded her service scopes to handle registration, custody and transfer of equities, bonus dividend, corporate merger and acquisition, capital operation and consulting, planning and design of projects, etc., making instructive experiment in the fields of economic system reform, investment and financing system reform, state-owned enterprises reform and fostering and developing of ownership market. The Market successfully handled the enterprise reform, ownership transfer and equities circulation for China Commodities City Group Co., Ltd., Yiwu Running Water Co., Ltd., Yiwu Highway Construction and Development Co., Ltd. and Yiwu Pharmaceutical Co., Ltd.. Moreover, the Market also made design and planning for the enterprise reform of Zhejiang Honey Group Co., Ltd. and Zhejiang Hengfeng Group Co., Ltd. and the projects of Badu Reservoir with characteristics of raising fund, making construction, charging, repaying loans and undertaking management all by itself and the Yiwu section of No.03 provincial highway. With eight years’ operation and development, the Market has possessed the capability and methods to provide the best services in Zhejiang Province for ownership registration, custody, transfer and bonus and dividend distribution, established a series of relatively comprehensive and perfect ownership trading rules and internal management systems and built up a group of staff with high job performances, strong technical abilities and spirits of innovation and enterprise.

With the principle of “Open, Fair and Just”, the Center is dedicated to the development of economy and society in Yiwu and sincerely hopes to work together with friends in various circles of the society for a bright future.

Address: No.505, North Chouzhou Road, Yiwu City, Zhejiang Province

Zip code: 322000

Telephone: 0579-5544622 5550227

Fax: 0579-5544445

Company’s Website: www.ywcq.com

Personal Foreign Exchange Trading Center of Industrial and Commercial Bank of China in Yiwu City

Personal Foreign Exchange Trading Center of Industrial and Commercial Bank of China (ICBC) in Yiwu City is the first tangible market for personal foreign exchange trading in the areas of Jinhua, whose establishment filled the gap of having no tangible foreign exchange trading market in Yiwu City, effectively enriched the contents of financial factor market and expanded the business scopes of financial market in Yiwu City.

Today, Yiwu Personal Foreign Exchange Trading Center of ICBC provide foreign exchange trading services in eight foreign currencies, namely the U.S. Dollar, Japanese Yen, Hong Kong Dollar, British Pound, Euro, Canadian Dollar, Switzerland Francs and Australian Dollar and make quotations according to the real-time market price in the international market. After opening special accounts at ICBC, customers can freely buy and sell foreign currencies by bank counters, self-help terminals, 95588 telephone bank or online bank. Customers can gain handsome profits from the differences of exchange rate, increase incomes from interests and evade the risks arisen from exchange rate fluctuations. Besides, customers also can participate in the financing business in B-share market through changing the type of currencies by personal foreign exchange trading.

Address: No.369, Middle Chengzhong Road, Yiwu City

Personal Foreign Exchange Trading Center of Bank of China in Yiwu City

Address: No.500, North Chouzhou Road, Yiwu City

Yiwu Technology Market

With the principle of integrating government support with business initiation by scientific and technologic personnel, Yiwu government vigorously develops all kinds of private agencies involved in science and technology and information consulting service institutions to provide small and medium sized enterprises with services including technology, information, operation and management, marketing and law affairs by taking full advantage of modern network technology. The productivity promotion center has been set up with an aim to provide all kinds of technical services for numerous industrial enterprises in all trades, the infrastructural construction of technologic information base and network improved to further foster and perfect technical market. Efforts have been made to strengthen management and regulations to form a technical service agency system featured by diversified participants, networked organizations, function socialization and service industrialization. The Yiwu sub-market of China Zhejiang online Technology Market was open to public on June 10, 2002, the establishment of which facilitated the technical cooperation between enterprises and technical research units.

Yiwu Labor Market

Yiwu Labor Market is located at the Yiwu Human Resources Exchange Center Building, which was built up on January 18, 2003 with the site area of 4,000 sq m.

Yiwu Labor Market is made up of departments of employment service, human resources exchange agencies, labor dispute mediation and arbitration, 28 professional job recommendation centers and 5,000-square-meter open market and is set up with the purpose of providing all types of industrial and commercial enterprises and laborers with various information and services related to recruitment, job application, establishment of employment relationship and right guarantee for both parities.

Together with public security department, Yiwu Labor department sets up sentry boxes in the Market and makes specific regulation that all persons that enter the Market for recruitment and job application shall carry their identity cards which would be verified through the internet. If there are any problems, they can be solved immediately. This measure effectively reduces the number of wanderers with sophisticated social background in the Market during the daytime, stabilize the orders of the Market and have sound effects on the surrounding environment of the Market.   

Yiwu Labor Market is located at No.389, Xiangshan Road in Yiwu City. You can take No.18 or No.313 buses directly to the Market. Also you can take No.1, No.5, No.7, No.9 or No.12 buses to get off at the stop of Hengfeng Group, go west scores of meters, turn at Xiangshan Road and there are only more than a hundred meters to go south.