The eve of the reform of state-owned housing enterprises to limit salaries: managers to make a choice
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2020-12-08 09:01
- Views:
(Summary description)Song Yanqing, president of RAND Consulting, went to a central enterprise for a meeting on November 19. It merged with another company's real estate business into one. Both companies consulted with Mr.
The eve of the reform of state-owned housing enterprises to limit salaries: managers to make a choice
(Summary description)Song Yanqing, president of RAND Consulting, went to a central enterprise for a meeting on November 19. It merged with another company's real estate business into one. Both companies consulted with Mr.
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2020-12-08 09:01
- Views:
Information
Song Yanqing, president of RAND Consulting, went to a central enterprise for a meeting on November 19. It merged with another company's real estate business into one. Both companies consulted with Mr. Song. The reform of state-owned enterprises, which has created huge imagination in the capital markets, seems to be floundering in the real estate sector. "It is difficult to create another Vanke through reform." Song Yanqing told the 21st Century Business Herald. A senior executive of a state-owned real estate company in Beijing told 21st Century Business Herald that the Beijing State-owned Assets Supervision and Administration Commission visited the company in June, but no new progress has been made so far. "The company does not have the initiative to try first, such as state assets
Song Yanqing, president of RAND Consulting, went to a central enterprise for a meeting on November 19. It merged with another company's real estate business into one. Both companies consulted with Mr. Song.
The reform of state-owned enterprises, which has created huge imagination in the capital markets, seems to be floundering in the real estate sector. "It is difficult to create another Vanke through reform." Song Yanqing told the 21st Century Business Herald.
A senior executive of a state-owned real estate company in Beijing told 21st Century Business Herald that the Beijing State-owned Assets Supervision and Administration Commission visited the company in June, but no new progress has been made so far. "The company did not take the first step, such as sasAC news." He also heard news of a pay cap for state-owned enterprises.
Places try first
Some companies and regions are already exploring.
On February 18, Gree Electric Appliances (000651.SZ) announced that Gree Group would divest Gree Real Estate. According to the reform plan issued by Gree Group, The State-owned Assets Supervision and Administration Commission of Zhuhai city plans to inject the 51.94% equity of Gree Real Estate Co., LTD held by Gree Group and other assets into the newly established wholly-owned subsidiary of Gree. After that, Zhuhai SasAC plans to introduce strategic investors by means of public transfer of no more than 49% of the company's equity.
On October 30, Nanjing Hi-tech (600064.SH) received a notice from major shareholders, requiring it to gradually withdraw from the real estate and municipal sectors to realize transformation.
On August 31, 2013, the Implementation Opinions of Nanjing State-owned Real estate Enterprises on Withdrawing from the Development of General Commercial Housing put forward that the equity of municipal state-owned wholly-owned, holding and joint-equity real estate enterprises should complete the withdrawal from the development of general commercial housing by the end of 2013. State-owned real estate enterprises belonging to the district and functional plates shall complete the withdrawal from the development of general commercial housing by the end of June 2014.
Among the large real estate enterprises, Poly Real Estate (600048.SH) indicated in the performance presentation held in April 2014 that there is the possibility of cooperation or merger between Poly Real Estate and Poly Real Estate. Song Guangju, chairman of Poly Real Estate, called it one of poly group's strategic goals and tasks. Oct (000069.SZ) also said at the general meeting that the company is very keen to introduce strategic investors and even international capital through the capital market.
According to Song Yanqing, many companies in Shandong are also doing asset integration. Li Pinke, an analyst at Guotai Junan, concluded that resource integration and incentive mechanisms are two important paths to reform.
Obstacles and Contradictions
The significance of soe reform is to clarify property rights.
Wang Shi, chairman of the Board of Directors of Vanke group (000002.SZ), said publicly earlier that the stock reform in 1988 was of great significance to Vanke, and the property rights became clear. In the initial development history of Vanke, it was the reform that created Vanke.
Both Liu Xiaoguang, chairman of Beijing Capital Real Estate, and Ren Zhiqiang, chairman of Huayuan Real Estate, said in an interview with 21st Century Business Herald that they had missed several important development opportunities due to the shackles of the system.
As early as 2004, Liu said, he offered to spend 15 billion yuan and send 150 people to 150 cities to take 150 pieces of land. Had this scheme been put into practice, land prices alone would have appreciated by about 30 times today. During the decision-making process, some people raised objections. Because it was a state-owned enterprise, some people objected to the collective discussion, which made it impossible to implement the decision.
Chen Xing Development Holdings 晋ICP备13000721号 Powerd by 300.cn