Core Insights - The article discusses the significant role of listed companies in the Chinese real estate market, highlighting that they are major players in the current selling wave rather than individual speculators [1][2][4] - It emphasizes the scale of real estate assets held by these companies, amounting to approximately 1.3 trillion yuan, which is comparable to the total value of commercial housing in Beijing's third ring road [1][4] - The article notes a shift in market dynamics, with state-owned enterprises stepping in to purchase inventory from developers, effectively blocking the path for individual speculators [6][7] Company Behavior - ST Haima, originally an automotive company, has engaged in real estate transactions, selling 401 properties for 334 million yuan, illustrating a trend where companies diversify into real estate for profit [2] - Other companies like Guangzhou Langqi have also benefited from real estate, with a compensation payment leading to an increase of 2.6 billion yuan in their accounts while holding 3,000 central city apartments [2] - The article mentions that many companies, including Huawei and Gree, have ventured into real estate, indicating a broader trend of corporate investment in the property market [2][4] Market Trends - The article highlights that the number of listed companies selling properties has increased significantly, from 33 in 2018 to 264 in 2023, indicating a growing trend of companies liquidating real estate assets to maintain financial stability [4] - It points out that the real estate market has been influenced by government policies that favor corporate purchases over individual buyers, leading to a surge in corporate real estate holdings [4][6] - The article concludes that the largest players in the real estate market are now retreating, signaling a change in market direction as state-owned enterprises take a more active role [6][7]
谁在掏空中国楼市？囤房1.3万亿！中国最大炒房团要清仓走人？
Sou Hu Cai Jing·2025-09-21 01:38