IT is sometimes argued that China's budding property rights market, which is a far cry from being properly regulated, should be limited to private enterprise.
While it sounds as if it will protect public assets, it will in fact be of no help.
Despite the lack of regulation, a property rights trading network has been formed while the authorities are rushing to establish an appropriate legal framework for transaction, acquisition and restructuring of enterprises.
Agents are still working on perfecting their operations as the property rights transfer market develops inexorable momentum.
Many enterprises want to transfer these rights to increase assets, facilitate resource allocation, increase efficient asset usage and diversify into other sectors.
Especially as enterprises convert into shareholding structures and the need to address the risk of bankruptcy, some enterprises desperately need to transfer assets.