1.The Name of the Program: China Subsidiary Agricultural Product Transaction Market

2.The general situation of the program: By making use of E-Commerce, China subsidiary agricultural product transaction market is an open and spot transaction market for the subsidiary agricultural products in China. The transaction market has such transaction halls as listed transaction hall, go-between transaction hall, bulletin transaction hall, and negotiated transaction hall with the characteristics of safe, honest and credible, convenient, saving, and it can provides multiple modes of transaction solution, and it holds the core technology with the self-independence intellectual properties, safety guarantee system as well as healthy support service system. It is the first E-Commerce network of subsidiary agricultural product transaction market in China which has been granted the authorized guarantee service by the bank.

3.
The scale of the program: To build branch markets in the cities and provinces in China.

4.The progress of the program: A 7300-square-meter transaction hall of Xinjiang subsidiary agricultural product transaction market has been completed, and it has successfully linked with the settling system of the Agricultural Bank of China, and the service system such as quality inspection and insurance has been constructed, and the first transaction volume is 176 million yuan during the trial operation of the market.

5.The estimated investment of the program: 420 million yuan.

6.The financial appraisal of the program: The rate of profit on investment is 15.04 % which can endure a greater risk and has a good growth expectation; the static investment recovery period is 3.2 years.

7.The prospect and social effect: China is a big agriculture country with the annual output of about 2000 million tons of the agricultural products, of which 70 % is entering the field of commodity circulation. Only in 2003, the annual turnover was 160,319 billion yuan despite the fact that the output of the agricultural product accounts for 17.3% of the total value of national economic output. But the problems such as delayed information, excessive high production and circulation costs have existed for a long time; with the birth of the China subsidiary agricultural product transaction market makes it possible to reduce the number of intermediate links of the agricultural product circulation and speed up circulation and lower the costs, and it has an important significance for solving the perplexed problems in national economy such as agriculture, rural economy, the income of the peasants.

8.The mode of co-operation: Capital increase and share expansion, venture investment

9.Contact company: Huaxia Yinong Network Co., ltd.
ADD: 153 South Youhao Road, Urumqi, Xinjiang
Fax: 0991-4550358
Email:Hxyn@mail.xj.cninfo.net