What does "signboard hanging" mean?

Signboard hanging refers to the public transfer of state-owned land to the public as business land through bidding, auction or listing. Its meaning is that business land must be sold in the above way. Collectively referred to as signboard suspension system.

The system of land bidding, auction and hanging refers to the management system of transferring the right to use state-owned land in China. There are four ways to transfer the right to use state-owned land in China: bidding, auction, listing and agreement.

Extended data:

superiority

First, the land use right is listed by bidding, auction and listing to prevent and avoid corruption. Land use is not open, and it is inevitable to be mixed with "behind-the-scenes transactions". For the benefit of individuals or small groups, some land use rights authorities often take the opportunity to collect wealth, enrich individuals, harm the country, and directly lead to the loss of state-owned assets.

Two, the implementation of bidding auction listing transferring land use rights, is conducive to the healthy development of the real estate market. The implementation of public bidding, auction and listing of land has reduced many intermediate links and greatly reduced the space for buying and selling land.

Thirdly, bidding, auction and listing of land use rights are conducive to the transfer of land use rights, the separation of real estate and the improvement of land development efficiency. The land supply mode of "bidding, auctioning and hanging" is conducive to the rational use of land and overall planning.

Baidu Encyclopedia-Land Auction and Licensing System