Panjiayuan Flea Market is a market with a wide range of operations, covering an area of ??48,500 square meters. Located at the southeast corner of the Third Ring Road in Beijing, it is the largest second-hand market in China. Shops, merchants and greenhouses in the first and second areas are open from Monday to Friday. There are more than 3,000 cultural relics, calligraphy and paintings, four treasures of the study, porcelain and wooden furniture, etc. There are stalls operating in 24 provinces, municipalities, and autonomous regions in China, involving more than a dozen ethnic groups such as Han and Hui. The main items operated in the market include jewelry and jade, antique furniture, four treasures of the study, ancient books, calligraphy and paintings, old books and periodicals, and daily necessities. It is an excellent place to buy and appreciate antiques, handicrafts, collectibles and decorations. The Peking University Gemological Appraisal Center in the market can issue authoritative certificates or provide consultation for jewelry and jade on the spot. The market has been called "the country's largest flea market", "the country's largest collectibles market with the most comprehensive categories", and "the country's largest collection and distribution center for folk handicrafts" by the news media. In 2004, the Panjiayuan Antique Market was rated as one of the "Top Ten Antique Markets in the Country" through public voting at the "First Annual Ranking Award Ceremony of China's Collectors Industry". On February 28, 2013, China's well-known trademark "Panjiayuan" won the honorary title of "Beijing's Top Ten Commercial Brands". "Panjiayuan" has become the carrier of regional culture, a unique cultural symbol, and a brand that affects local sentiments. The title has become an intangible asset in the cultural treasure house of the Chinese nation. Panjiayuan Flea Market is the cheapest flea market in Beijing. Some people say it is like a museum with a long history. It is known as the "ghost market" and attracts a large number of Chinese and foreign tourists. Before October 2003, it was divided into two parts. One was selling porcelain and miscellaneous handicrafts; the other was a scattered street stall selling used books in the west. The area selling porcelain and handicrafts is divided into four areas. The second area mainly sells ancient porcelain.