China: Exchange promotes liquor as investment
China: Exchange promotes liquor as investment
Sep 9, 2012 6
(ChinaDaily) - The Guizhou Liquor Exchange, a new platform for trading liquor, formally opened on Sept 6 in Guiyang, signifying the further development of the province's alcoholic products as luxury commodities for investment.
The opening of the exchange was one of a series of events for the second China (Guizhou) International Alcoholic Beverage Expo.
The establishment of the platform, the first in Guizhou and the second in the country, means finished liquor and base liquor can be traded through financing like stock shares and funds.
There are at least 10 liquor-trading platforms in China, which were mostly set up in 2011. In September 2011, China's first liquor exchange for baijiu, a type of clear Chinese liquor, was founded in Sichuan.
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