State-owned Assets Supervision and Administration Commission (SASAC) announced the third group of 34 central enterprises owners recently. It is worth mentioning along with other 96 enterprise owners announced before, SASAC has so far selected 16 central enterprises for construction and real estate development as well as management.

The 16 central enterprises include China Railway Engineering Corporation, China Railway Construction Corporation, China Metallurgical Construction Corporation, Sinohydro Corporation, China Travel Hong Kong Limited, China Communication Construction Corporation, China OCT as well as China Gezhouba (Group) Corporation etc.

According to the business volume of real estate enterprises, SASAC selected those enterprises that had relatively high real estate business indexes, and chose the real estate industry as the prime one.

Insider analyzed that building and construction industries are the pillar industries of national economy, which has broad and promising market prospects. The central building enterprises possess certain comparative advantages in terms of real estate businesses. Taking real estate as the prime of building industry will be conducive to the expansion of real estate enterprises and the healthy development of real estate industry in China.

By People's Daily Online