China’s State-Run Companies Rush to Liquidate Real Estate Equities

China’s State-Run Companies Rush to Liquidate Real Estate Equities
25/06/2019 , by , in INTERNATIONAL

More than a dozen large state-owned enterprises in China are liquidating their equity holdings in real estate projects recently. As real estate used to be the main fuel for China’s GDP growth, as well as a main source of revenues for its state-run companies, the liquidation activities has drawn considerable attention.

Among the 20 real estate projects, the transferors in 15 projects are state-owned companies, including China Poly Group, Sinochem Group, Overseas Chinese Town Enterprises Co, OCT Group, Aviation Industry Corporation of China, Power Construction Corporation of China, China General Technology Group, China Electronics Corporation, China National Machinery Industry Corporation, and China Nonferrous Metal Mining Group.

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