Market for returned relics opens
Print Edition
A MARKET for returned cultural relics has opened at the Beijing Tianzhu Free Trade Zone.
Li Yanling, deputy head of the zone, said the market would enjoy favorable Customs clearance procedures and tax exemptions. It will hold regular auctions, exhibitions and trade fairs that will be open to international organizations.
The market will offer services such as identification and storage of cultural relics.
“At least 10 million Chinese cultural relics have been stolen and smuggled out of the country. A substantial amount cannot be returned through the official channels,” said Wang Yudong, deputy general manager of the Beijing Gehua Cultural Development Group which operates the market.
The company has co-chaired auctions with international auction houses in the zone since 2012. With the new market, traded items can enjoy more duty-free trading, storage and clearance policies.
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