Shanghai state capital reorganization starts again

The consolidation of the two listed companies of Shanghai Real Estate (Group) Co., Ltd may be speeding up.　　Today, Jinfeng Investment (600606) and Chinese Enterprises (600675) also issued a notice that the controlling shareholder Shanghai Real Estate is studying the major issues involving the company, for this reason, two companies from May 17 to suspend business for 5 working days, and will be announced in 5 working days after the relevant progress. As early as July 2004, Chinese enterprises, Jinfeng Investment has issued a separate announcement, said that its national shares have been from the original holding shareholder Shanghai premises (Group) Limited under the name transferred to Shanghai real estate name.　　Public data show that Shanghai real Estate was founded in November 2002, the registered capital of 4.2 billion yuan, including Shanghai Star (Group) Co., Ltd. in a large number of real estate assets, the main business task is to revitalize state-owned stock assets, enhance the Government's land reserve capacity. But in fact, Shanghai Real estate and its Chinese enterprises, Jinfeng investment has been a certain degree of competition relations. Among them, the main business of Chinese enterprises is real estate development, and Shanghai real Estate industry competition problem is relatively larger. and Jinfeng Investment main business is the real estate circulation business and real estate development business.　　The analysis points out that since 2007, Jinfeng investment has increased the input to real estate development, which leads to the growing tendency of the competition between Shanghai Real Estate and its two listed companies. Since the Shanghai real estate in the two listed companies, through the injection of assets to achieve the overall listing to eliminate the competition has never been rumored to disappear. In the second half of 2009, the Shanghai state-funded integration of the movement frequently, there have been rumors that Shanghai real estate business will be injected into Chinese enterprises, and Jinfeng investment will "sell shell."　　In response, two companies at that time said that the holding shareholders did not sell shell and injection of action, the next three months is not expected to involve two of the company's equity transfer, asset restructuring and other major issues. In accordance with the "Shanghai" Eleven-Five "state-owned assets adjustment and development Special Plan", by the end of 2010, the Shanghai state capital will have at least more than 30% of the operating assets concentrated in the listed companies. In 2009, the capital securitization rate rose to 25.4% from 17.96% at the end of 2008, with the completion or start-up of cash financing of 78.105 billion yuan in Shanghai.　　However, if projected at the lower limit of 30%, there will still be more than 20 billion yuan in 2010 for the state to be listed in a variety of ways. Clearly, according to the above policy Shanghai Real estate and its subordinate Chinese enterprises, Jinfeng investment has the power to complete the relevant asset integration as soon as possible. And the suspension of Chinese enterprises and Jinfeng investment may also mean the integration of Shanghai state capital into a new active period.