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.
According to Securities Times, a Chinese financial publication, 20 real estate projects in Beijing had equity transfers from May 1 to June 14. In comparison, there were only two equity transfers in the first four months this year.
