Large Medium Small |
BEIJING - More than 20 centrally administered State-owned enterprises (SOEs), whose core business is not property, will fully exit the real estate business this year.
Shao Ning, deputy chairman of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), the SOEs regulator, said Tuesday.
Fourteen SOEs exited the real estate sector last year, Shao told a press conference.
He said some companies need time to finish ongoing projects before they could fully retreat from the real estate business and focus on their core operations.
|
Shao also said the SASAC would make public the income of the SOEs' executives when necessary.
Currently, China has 121 centrally administered State-owned enterprises with their total assets worth nearly 24 trillion yuan ($3.7 trillion).
分享按钮 |