Colorful Guizhou Element Trading Center starts trial operation

The Colorful Guizhou Element Trading Center provides convenient services for various element transactions. [Photo/WeChat account of Zhizhi Guiyang]

The Colorful Guizhou Element Trading Center, established in Gui'an New Area, Southwest China's Guizhou province, began trial operation on Nov 29.

As a digital trading institution, it aims to advance digital economic development and achieve breakthroughs in digital governance.

The center focuses on building an all-element trading service system, developing a first-class digital intelligent trading and data service platform, and establishing a unified, open, and competitive element trading market.

It boasts a multifunctional intelligent trading venue spanning over 10,000 square meters, equipped with experts in policy research, consultation, and evaluation from various industries, which are essential for comprehensive element trading.

The center is designed to provide one-stop trading services, with advantages such as zero entry barriers, no in-person visits required for transactions, zero risk for trading data, and comprehensive oversight of trading activities. It aims to optimize resource allocation and improve efficiency across various types of element transactions.

The center's trading scope includes tendering and procurement, element trading, and digital collective purchasing. It offers one-stop digital support services for market participants, such as policy consultation, information dissemination, venue services, process verification, archive management, and expert coordination.

Its comprehensive processes ensure the rights and interests of all participants while reducing costs, increasing efficiency, improving quality, and ensuring compliance in trading activities.