Hebei Element Exchange Group Established as State-Owned Enterprise on May 15

According to Jin10, Hebei Element Exchange Group Ltd., a state-owned enterprise under Hebei Province, was officially established on May 15. The group will provide services including property rights transactions, environmental energy rights trading, carbon emission permits, and data element exchanges, while coordinating procurement, talent services, and other factor resource trading. The group aims to digitalize and streamline transactions across all asset classes, supporting efficient resource allocation and state-asset value preservation. Hebei Element Exchange Group was restructured from Hebei Bidding Group, which operates three professional platforms handling over one trillion yuan in engineering projects annually and has served over one million professionals across 6,000 enterprises.