Acquisition. Beijing Rong Baozhai Auction House is located in Liulichang West Street, Xuanwu District, Beijing. Its main business scope includes art appraisal, appraisal consultation, training, exhibition and acquisition of a series of antiques related to auction business. Beijing, referred to as Beijing for short, is the capital of People's Republic of China (PRC) and one of the four municipalities directly under the Central Government.