Date
19 October 2017

Nanjing SOEs told to exit property biz by year-end, paper says

Nanjing’s state-owned enterprises have been told by the city government to exit any property development business by the year-end, China Securities Journal reported Thursday, citing unidentified sources. A source from the city’s state assets regulator was quoted as saying that all the enterprises involved in real estate activity are evaluating their projects now and negotiating with potential buyers. 

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