Source:CICITC
On February 3, the inauguration ceremony of the Electronic Components and Integrated Circuits International Trading Center was successfully held in Beijing. Attendees included Wang Jiangping, Party Leadership Group Member and Vice Minister of MIIT; Qin Weizhong, Deputy Party Secretary and Mayor of Shenzhen; and Zeng Yi, Party Secretary and Chairman of China Electronics Corporation.
Wang Jiangping stated that the establishment of the Trading Center marks a milestone in China's electronic components and IC industry development, representing a major initiative to leverage market forces in resource allocation. It will lay a stronger foundation for high-quality development of China's electronics information industry. MIIT will support the Trading Center's market-oriented, international, and platform-based operations to optimize China's electronics ecosystem.
Qin Weizhong noted that Shenzhen, as a global electronics hub and China's key design/application/distribution center for components and ICs, provides solid foundations for the Trading Center. Shenzhen will enhance innovation and cooperation to develop the Trading Center into an international platform serving domestic and global markets, promoting semiconductor industry development.
Jiang Yi, Deputy Director of NDRC's Economic System Reform Department, emphasized establishing unified standards and third-party testing systems for components and ICs, exploring open cooperation models, and aligning with international trading rules to create a world-class trading platform.
Li Shuo, MOFCOM's Deputy Director of Foreign Trade Department, stated that ICs are crucial intermediate goods in foreign trade. MOFCOM will implement trade policies and encourage domestic/foreign buyers to procure through the Trading Center to foster industry innovation.
Lu Zhipeng, China Electronics' Vice President, explained the Trading Center follows "innovation, openness, collaboration, service" principles with three transaction models to achieve efficient trading through economies of scale, enhancing supply chain resilience and supporting dual-circulation strategy.
Despite being the world's largest components and ICs market, China lacks proportional market influence. The Trading Center, approved by MIIT, NDRC and MOFCOM, was established to address this imbalance.
Registered on December 30, 2022 with ￥2.128 billion capital, the Trading Center is led by China Electronics and Shenzhen Investment Holdings, jointly established with 11 SOEs/private enterprises to create a new market access platform.
The inauguration was presided by Yin Kefei, Chairman of the Trading Center, with participation from multiple ministries and leading enterprises including China Electronics Technology Group, CRRC, and COMAC.