Media says new deal affects limited majority of state-owned SOEs not on the list

Sasac ordered 78 Central enterprises to exit the real estate tracking report, according to the Shanghai Securities Daily reported that Sasac a paper restrictions, the real estate market, "state-owned enclosure" trend to cool down abruptly. According to the reporter in-depth understanding, the "restraining order" only for the central government directly under the state-owned enterprises, most of the past one or two years, frantically take the land of "big powers" are not in the SASAC Restrictions list.　　such as Citic Real estate, Ocean Real estate, HNA Home, Luneng group and so on. A senior Chinese construction executive said in an interview with this newspaper that if the restrictions stay there, the impact on the real estate market is limited. But if the demand for such a withdrawal extends further to the ministries and local state-owned enterprises, it will have a far-reaching impact on the property market.　　In addition, that is, the existing policy, its exit time, manner, progress and so on are still need to refine.　　According to Sasac 18th, in addition to 16 of the central enterprises in the real estate industry, 78 of the central enterprises not based on real estate industry in the completion of independent land development and implementation of projects, such as the phased work, must withdraw from the real estate business. "This is on the recent large-scale central enterprises to take the land, and repeatedly create a record of the King timely correction."　　"Chen Yitian, director of the Center for Real Estate Research, said.　　According to reporters compared to the SASAC website published more than 120 central enterprises directory, some "Wang Enterprise" is indeed in the "repaying" real estate business of the listed companies. However, according to a reporter survey, most of the previously heavily-held state-owned enterprises are not in the scope of the restrictions.　　such as Citic Group Citic Real estate, Hainan Airlines under the HNA home, as well as seemingly centralized in China's ocean-going ocean real estate and so on.　　An enterprise senior said that these enterprises or local state-owned companies, or belong to the financial and other professional areas of the state-owned enterprises, are not within the scope of the central enterprise. Sino-Ocean Real estate more openly said, as the red-chip listed companies, the company's share distribution diversification, the current holding 24% of the largest shareholder of China longevity is not regulated by SASAC. "Even if such as Vanke as a major shareholder of enterprises, but also can be classified as joint-stock enterprises, can not be said to be state-owned holdings."　　Experts say. And the above enterprises to take action in fact more than 78 central enterprise are more proactive. Citic Real Estate For example, since last year, Citic Real estate in Tianjin, Shanghai and other widely layout, and actively brewing the listing.　　People close to the situation said Citic real estate sales from more than 20 billion last year's expansion to 40 billion this year, its strong commitment to the development of real estate industry is clear.　　By contrast, 78 central enterprises, including Baosteel Group, Anshan Iron and Steel Group, Oriental Airlines and other centrally owned real estate business, but people familiar with the situation, in recent years, these enterprises in the real estate business some liquidation, and some only to develop the original project, are not the protagonist of the recent king. For the reasons for this regulation, a high-level state-owned enterprises said that there is indeed some discussion in the market, that SOEs rely on financing to facilitate the high price of looting is a commodity economy unfair environment. And Chen Yitian, director of the Center for Real Estate Research, said that after 2008, the central enterprises to take the land, there is an economic crisisMachine at all times by state-owned resources and then timely "protection disk" consideration, in the economic stability, the real estate market is bound to return to market competition, private enterprises to play more efficiency. But experts also believe that the current state of the exit time, exit methods and exit steps are not clear, the new deal on the property market has limited impact. Only by extending this kind of "withdrawal" to the state capital in more fields can we really reverse the pattern of "strong and weak" in the current real estate market.