Sunday, February 20, 2011

All commercial enterprises should withdraw from central areas

 All commercial enterprises should withdraw from central areas of
Su Peike / text
house prices and income distribution is now a gathering place for social conflicts in China, the slightest mistake may trigger a volcanic eruption there. At this point, the central enterprises frequently competing > At first glance, 78 central enterprises accounted for more than Qicheng the total number of central enterprises, it is involved in real estate 94 central enterprises to occupy more than Bacheng, but in the real estate 78 central enterprises with total assets of all central enterprises the real estate section only 15%, while the remaining 16 central enterprises is the development of the real estate market, land and no inhibition, is that the SAC took the opportunity to integrate the central enterprises the main business. to that extent, SASAC's way to exit, it will not let the rest of the 16 to the main business of the central real estate enterprises increased monopoly? and then the name of the real estate industry and occupation under the cover to monopolize the market? likely. Also, if so this 78 central enterprises to sell their hoarding of land only if the cost is much higher than the sale to take place there is not suspected of speculation? should or should not receive windfall profits tax? If the sale is not suspected of below-market losses of state assets? hh clear exit method to be very particular about and must not sleepwalk.
this, I suggest that the field of real estate development should be thoroughly cleaned up and returned all the central level, 16 to the real estate industry, real estate development enterprises to participate in the central government's affordable housing or housing prices building to protect the quality of these affordable housing. Of course the construction of affordable housing in the cake is absolutely nothing to do with games, projects should be open tender, to absolutely guarantee the quality of these houses, do not give a number of related party transactions, blinded by the developer to jerry-style development and construction. So, that 16 to property-based business of the central enterprises should be mainly to cover the protection of housing-based, or the central level there is the strategic significance? If you continue to retain their monopoly status, these central enterprises will get the state-owned assets, but regardless of the cost to lift the land, pushed up prices, monopoly profits, compete with the people, are all the people back into the country we do not want to see. so, it might as well let the central enterprises All exit.
Some people may not necessarily transfer land to the house, the king may not make money. In fact, in the current real estate market in China, the deformed, high land prices will be high conductivity. and it is a vicious cycle, such as: high-priced store, fell to the ground may result in market supply and demand imbalance, so disguised to reduce the housing supply, must transfer to the housing prices, rising house prices will push land prices against, unless the bubble burst, or in the land market is only a supply side (government land reserve center) cases, the land auction and must be a distorted market behavior.
Second, the remaining 16 to the main business of the central real estate prices is not purely real estate company. We first look at the SAC identified the 16 Construction Corporation, Sinochem Corporation, COFCO Limited, China Metallurgical Group Co., Ltd., China Minmetals Corporation, China Water Conservancy and Hydropower Construction Group Corporation, China Gezhouba Group Corporation, Hong Kong China Travel Service Group Co., Ltd., China Merchants Bureau Group Co., Ltd., China Resources Holdings Co., Ltd., Nam Kwong Group Limited. This list surprised us is that, Sinochem Corporation, COFCO, China's water conservancy, Gezhouba, China Metallurgical, Minmetals Group, became the main central enterprises real estate, these central enterprises Why proper job?
is nothing more than the central enterprises have been , the central enterprises, trillion can not be over-optimistic about the economy.
Third, the central enterprises to create words premium means. because they take ; was born, there will be a large number of frequent media exposure, the result that house prices rose sharply around. Recently there was news that Beijing three prices have gone up.
some extent, to create However, many local governments and real estate business are the interests of allies, they tried to land sales, expect them to check tantamount to unrealistic. Therefore, the public media should play a supervisory role, but it must be objective and dispassionate treatment of ;, fuel and do not help developers hype. Once the media rendering, but will give the people expected to form a fixed, let house prices and land prices around the more powerful, will grant the behavior of speculators speculation. If the media take the cold treatment, all but chasing Do not holding a referendum to wanton speculation in land assets, manufacturing, real estate bubble to cash in people's wealth.
Fourth, the central fact is that this round of land prices and housing prices is the culprit. carefully remember that a room price increases opportunities and incentives, and rising point in time, not difficult to find the central enterprises and local governments to play a living in the local government anxious, came out prop up the market, they prop up the market approach is lobbying miscarriage of justice on the situation at that time, the introduction of a number of policies to stimulate the real estate market, thus causing a sharp rise in house prices this round of incentives. Of course, the main factors or by the profit target, difficult to break in the traditional industries, profit growth is difficult to find, so I have to join real estate, resulting in a number of central enterprises the main business transfer. priority, should allow these .

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