China Forestry Exchange (hereinafter referred to as "CFEX") established with the approval of the State Council, the State Forestry Administration and Beijing Municipal Government. CFEX is a professional market platform for nationwide forestry equity and forest-related trading business, as well as international. Being geographical advantage in Beijing, information resources superiority as the only comprehensive worldwide forestry trading exchange and organizational predominance as a state-owned LLC, CFEX commits to the transition of the Chinese forestry industry from commodity management to capital management. CFEX actively implement the government policies of the State Council on accelerating the collective forest right system reformation in China. The Chinese forestry equity exchange mechanism is progressed with the establishment of CFEX. And with CFEX, a regulated forestry equity circulation platform, forestry products and services innovations and the integration of forestry elements are now feasible. Built as a supporting platform for forestry industrialization and a forestry market platform with international influence, CFEX is also obliged to develop other supporting forestry functions like forestry financing. The business of CFEX focuses on ‘elements, equity and commodity' exchange. With business functions in forestry equity trading, logs and timber trading and forestry products trading, CFEX provides services in nationwide forest equity listing and dynamic management for public queries, advisory on forest certificate financing and other intermediaries. As the first and by far the only forest carbon trading exchange approved by the State Administration for Industry and Commerce in China, CFEX is fully committed to its duties to agglomerate other market players, such as foreign and domestic enterprises, intermediaries and investment banks and contributes to the world's energy conservation and emission reduction.