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英文翻译：Shanghai International Commodity Auction Co., Ltd. is a comprehensive auction company approved by the Shanghai Municipal People's government and the former Ministry of domestic trade. It has been 28 years since its establishment. It is an auction enterprise established after the reform and opening up and the recovery of the domestic auction industry. With a registered capital of 21 million yuan, Shanghai International Commodity Auction Co., Ltd. is a AAA level enterprise in China's auction industry. The auction field involves judicial forced auction, asset disposal of state-owned enterprises, realization of bankruptcy property, transfer of state-owned land, disposal of non-performing assets of financial institutions, etc. the auction target involves physical assets, land real estate, cultural works of art, equity, intangible assets, etc. The company is a number of financial institutions such as local high schools, government departments, various banks and four asset management companies, a number of central enterprises and designated auction institutions of local state-owned assets. Shanghai Guopai, formerly known as Shanghai Material auction house, was formally registered in 1988. The company started from a small enterprise similar to a team type, with scientific management, service innovation, focus on marketing, good at gathering talents, courage to innovate, and continuous development and growth. In the past 28 years, the company has successively planned and organized a series of auction activities, Shanghai motor vehicle quota, maglev put into commercial operation Train naming right, first, second-hand house, first, second-hand motor vehicle, large-scale construction in progress, enterprise property rights and equity, international import exhibition vehicle synchronization, Shanghai World Expo assets auction. The company continues to combine Internet technology with traditional auction, realizing that all auction activities adopt on-site and online synchronous auction, thus effectively breaking the situation that traditional auction is restricted by time, place and space, expanding the scope of investment, and promoting the turnover rate of the target. In the past 28 years, the company has held 2721 auctions of various kinds, with a total turnover of more than 83.8 billion yuan. In 2012, the turnover was 8.515 billion yuan. In 2013, the turnover exceeded 10 billion yuan, with a total turnover of more than 11.9 billion yuan. In 2014, the turnover was 8.863 billion yuan. In 2015, the turnover again exceeded 10 billion yuan, with a total turnover of 11.58 billion yuan.

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