The 13th China Commodity Market Summit was held on November 8, 2023.

The summit released a list of the China's Top 100 Comprehensive Commodity Markets. Both the Hunan Gaoqiao Grand Market and the Hongxing (Red Star) Agricultural and Sideline Products Market in Changsha, made the list.

Beyond that, these two markets were also shortlisted for the "Fashionable Markets" and the "Meritorious Markets".

The award ceremony for the top 100 comprehensive commodity markets. (Photo/Huang Zhong) 

The China Top 100 Comprehensive Commodity Markets were selected on the basis of nationwide surveys, which comprehensively assessed the candidate markets based on their infrastructure and facilities, management standardization level, and the awareness, capacity, and level of services. Meanwhile, these markets were also assessed by several indicators, including market size, managers, revenues, and profits. The shortlisted markets would be deemed the bellwethers for the commodity markets around the country.

The Gaoqiao Grand Market is among China's top three commodity markets. (Photo/Wang Zhiwei) 

Compared with the previous list, all five shortlisted markets in Changsha experienced improvements in their rankings: the Hunan Gaoqiao Grand Market rose from 4th to 3rd; the Changsha Hongxing Agricultural and Sideline Products Market from 23rd to the top ten; the Hunan Rolled Steel Market from 33rd to 22nd; and, the Changsha Huangxing Haijixing International Agricultural Product Logistics Park rose by 20 places to 52nd.

During the first three quarters of this year, these five shortlisted markets have achieved transaction volume of 311.525 billion CNY, about 65% of Changsha's commodity markets' total.

Another two lists featuring "Fashionable Markets" and "Meritorious Markets" were released at the summit. The meritorious markets refer to those which have made prominent contributions to the local economy and social development, and driven the industry and the economy as well as enriched the people.

The Changsha Hongxing Agricultural and Sideline Products Market accelerates its development after renovation and relocation. (Photo/Chen Fei)

This article is from the Hunan Provincial Government www.enghunan.gov.cn.

Translator: Pang Yuehui

Chinese source: Changsha Municipal Commerce Bureau