The public resources trading center in the city of Ordos in North China's Inner Mongolia autonomous region has made strong efforts to improve its business environment.

Policies involve improving trade center operation mechanisms, the level of informatization, and service functions, cutting trade costs, and strengthening electronic monitoring and management.

Improvement of informatization and service functions

Beginning in 2016, various trading institutions scattered throughout the city's districts and banners have been included in the Ordos public resource trading center, achieving the goals of unified rule systems, synchronization of supervision and management, and efficient trading services. 

All kinds of public resource transactions have become fully electronic.

The trading information of the Ordos center is also connected to the public resource trading platform at the Inner Mongolia autonomous regional level, the Ordos branch of Credit China, the China Big Data Center, and the regulatory departments of various sectors.

Standardization of transaction services

In October 2019, the Ordos center completed the standardization of transaction scope, transaction rules, transaction process, electronic platform construction, multiple constructions of supervision channels, trading venues, and functional facilities.

It finally formed 196 resource transaction service standards.

To further ensure the legitimate rights and interests of market entities and unblock the channels for objections and complaints, the Ordos center opened channels for objections and complaints in August 2021. 

Relevant entities can carry out the acceptance, processing, and feedback of objections and complaints online.

Innovation of service methods

In accordance with the requirements of the "Notice on the Implementation of the Regional Mutual Recognition of CA Digital Certificates", the Ordos center carried out the regional CA digital certificate mutual recognition and bidding software update in April 2019.

Starting from Dec 23, 2020, the fee for bidding documents handled by electronic procedures was completely eliminated. So far, it has saved more than 4.2 million yuan ($630,158) for 5,309 bidding companies.

Meanwhile, the Ordos center launched electronic insurance guarantee and electronic guarantee systems in November 2019 and March 2021, respectively. Bidding companies can voluntarily choose a bidding deposit certification method based on their own financial strength and creditworthiness.

Since they began operating, a total of 13,100 companies have chosen to use electronic insurance guarantee certification deposits to bid, and 589 companies have chosen to use electronic guarantee certification deposits. 

The cumulative release of deposits has reached 2.18 billion yuan.