§ Urban land in China is considered state property. Companies, entities, and individuals have the opportunity to obtain land use rights for state-owned land through assignment, leasing, or mortgage.

§ The state has the authority to grant land use rights to a land user for a specified period, either through public listing, auction, or tender. In exchange, the land user is required to pay a land grant premium and enter into a land grant contract with the local administration bureau of land and resources. This contract establishes various details, including the boundaries and area of the land, the duration of the land use right, payment terms and premium, land use purpose, and conditions for terminating the land use right.

§ The maximum duration for industrial land use rights is 50 years. The grant contract can be renewed, unless there are specific conditions or conflicts with the city's planning.

§ According to the Notice on the Issuance and Implementation of the National Minimum Price Standard for Industrial Land grants (Guo Tu Zi Fa [2006] No. 307), the grant base price and transaction price must not fall below the minimum price standard set for the local land level.

§ To access historical records regarding the public listing of land in Tianjin and the transaction results, please visit the website of Tianjin Public Resources Trading Center (Chinese text).