For developing project of the automobiles exchange market of qianhai , at the end of march, 2004, Shenzhen pingfang automobiles company ltd has been established and owned the capital-----200,000,000 RMB by common investment of our company and merchants office. The market is located in the pre—gulf logistics area and took up 1,000,000 square meters. It is the important investment project of Shenzhen in 2004 and be formally named “ Shenzhen automobiles city” and it will be the largest and first center of the comprehensive automobiles exchange which is planned by the government . the project is planned to have the investment capital---1,800,000,000 RMB and be constructed by three phases. The first phase of the project will take up 330,000 square meters and it will mainly construct the market of new automobiles exchange which includes the special region of famous brand , trade region of automobiles and service region of automobile components and it will be completed in July,2005; the second phase of the project will take up 240,000 square meters and it will emphasize on the relevant culture and amusement of automobile and the exchange of second-hand cars. Except for the special management region of famous brand, it will construct the fair region and the region of culture and amusement . it will be completed in 2006; the third phase of the project will emphasize on the exchange of bond automobiles and be constructed in 2007. it will be aimed at the bond market of import cars in nation-class and constructed the south china even the national largest exchange market of bond automobiles.