Central enterprises do not want to quit real estate: Tangled real estate interest chain

Recently, Sasac ordered 78 central enterprises to exit the real estate industry news uproar. Oddly enough, few have accepted the Sasac order so far. Refusing to enforce the orders of the boss and shareholders is an anomaly. In fact, the truth is not surprising: the interests of the dictates.　　It is indeed hard to say for every group even to everyone who tries to defend its own interests. Why are the central enterprises unwilling to withdraw from real estate? To answer this question, we must first comb the interest chain of China's real estate industry. China's real estate problem, it is the intertwined interests of the chain, so many years on the side of the general public noisy house prices are too high, on the other hand, the dream of price reduction can only be spent in the mirror in the months of water.　　Watching today's regulation, tomorrow will be the price hike; today, the price of the house is too high, tomorrow will have to queue to pick up the number, because do not hurry to buy, the price will be higher. It is an open secret that local governments rely on land for fiscal maintenance. Developers are another important chain of interest. A development project, excluding land, taxation, civil engineering and various costs (including PR costs), no 20–30% profits, is a rare enterprise willing to do.　　Because it involves the harmonious relationship with various government departments and banks, the requirement of capital scale is high, the real estate becomes a not low threshold and very "hard" industry, which is a reasonable reason for its seeking high profit space. Speculators have also become one of the interest chains that push up prices. Beijing hot spot of home buyers have 50% for the house, Tianjin hot property speculation rate of more than 30%. The income of the house is much easier and much higher than the income earned by hard work, and it is almost no risk to wait for the price to rise. At present, the rationality is that China today for ordinary people to invest in very few channels, except the stock market is the housing market.　　But the risk is that your life savings are put in, and that if there is a mistake, it's not life? In addition, there are some can not be on the table of interest chain, such as fried land, rent-seekers ...　　Not one by one in detail. Here, the real estate interest chain of the degree of entanglement has been evident. And this interest chain, ordinary speculators and home buyers is the weakest voice. and housing prices to stop their crazy pace of growth, is no longer a benefit group game can be solved.　　Therefore, whether the central government can really follow this tangle of interest chain to comb, is to solve the real estate problem feasible way. Back to the beginning of the question, we can understand why the central enterprises do not want to quit the real estate industry. Central enterprises generally have a strong right to speak, and because of its special status, financing, or government public relations, have a unique advantage. Coupled with the generally high profitability of the real estate industry, who will give up easily? The recent frequent emergence of the king of the central enterprises, the reasons, indeed to be thought-provoking. And Sasac ordered the central enterprises to exit, is to comb the interest chain an important sign. In addition, the control of the proportion of loans in bank loans is also apparent. But it is not enough to really comb the chain of interest. Only by market means to make the real estate itself cost down, so that real estateIndustry's average profit rate and the general industry is basically flat, in order to make commercial housing truly become "commodity." Any administrative means of use, it is likely to continue to increase the cost of real estate, developers for their own profits unchanged, in addition to price, desperation.