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How to refund the principal when exchanging land?
Generally speaking, the principal can be returned after the contract is terminated by land exchange, but it usually takes a long time to return, and it takes about one and a half months or even longer to return all the principal. The details depend on the terms of the contract.

Land exchange

The full name of Luyu Tea Exchange is Luyu International Tea Exchange Center Co., Ltd., referred to as Lujiao and Lujiao Center for short.

Land Exchange is a trading platform of mixed ownership of state-owned shares, which was applied by Wuhan Municipal People's Government and approved by Hubei Provincial People's Government.

It is a secondary government agency, directly under the charge of the Provincial Department of Agriculture and Rural Affairs and the Department of Commerce, and supervised by the Provincial Finance Office and the China Banking Regulatory Commission.

The nature of state-owned shares is mainly reflected in the shareholder structure. The first is Wuhan Optics Valley Joint Equity Exchange, referred to as the Stock Exchange. The exchange is jointly sponsored by the State-owned Assets Supervision and Administration Commission of Hubei Province, Science and Technology Department, Wuhan State-owned Assets Supervision and Administration Commission and Donghu High-tech Management Committee, and is also a foreign-funded institution controlled by the State-owned Assets Supervision and Administration Commission. At present, the main background of state-owned assets comes from stock exchanges.

Hubei Lu Yu International Industry Co., Ltd., the second largest shareholder, and Shenzhen Lu Yu Fund Management Co., Ltd., the third largest shareholder, both belong to Lu Yu Group and are subsidiaries of Lu Yu Group.

On July 22nd, 20 15, Wuhan Lu Yu international tea trading center, the first trading financial platform of "Internet plus tea" in China, was officially unveiled.

Lu Yu Tea Exchange was jointly established by Lu Yu International Group, Wuhan Optics Valley Joint Equity Exchange, Hubei Entrepreneur Joint Development Co., Ltd., Shenzhen Lu Yu Fund, leading tea enterprises in China and famous strategic investment institutions.

Lu Yu international trading platform includes ToB and ToC, among which TOC trading platform relies on JD.COM, Tmall and central manufacturers. Relying on this trading platform, Lu Yu International has reached cooperation and transactions with more than 200 leading enterprises in 50 major producing areas across the country. From 20 15 to 20 18, the annual turnover of Lu Yu International reached10 billion. By the end of 2020, the transaction volume of Lu Yu International Year has been completed.