On July 29, Zhao Shucong, Director of State Forestry Bureau, revealed that China will explore the establishment of forest resource asset securitization system.

　　At the National Promoting Forestry Reform Forum held in Yichang, Zhao said that the efforts will be made to gradually improve forest resources asset evaluation systems and institutions, to perfect the credit rating system, to foster the development of trust institutions and trading market of forest right, and to promote the transformation of the forestry resources assets into the negotiable bonds, funds and stocks.

　　Zhao also said that it would establish ecological resources market pricing system, promote the ecological services, improve price formation mechanism of ecological resources, form ecological resources pricing system reflecting market demand, resource scarcity, ecological restoration costs, and accelerate ecological resource conservation.

　　"We are still studying the trading system of building forest carbon sinks by enhancement of forest carbon sinks trading technical support and policy support, improvement of carbon sequestration metering, monitoring, auditing, transaction management system, the perfection of the trading mechanism, and fostering of trading market. "Zhao said.

　　Reporters learned at the forum, the State Forestry Administration will implement forest management certification and chain of custody certification, promote the establishment of legitimacy authentication mechanism for timber production, management, processing and source; improve the quality of major forest certification system and quality control system, implement the unified identification system and certification system of wild animals and plants and their products, and establish forest negative list. (Reporter: Liu Yangyang)