SFC Suspended Applications For Housing Enterprises Reorganization

Reporters from yesterday China Securities Regulatory Commission It was learned that in order to resolutely implement the spirit of the State Council, the SFC has postponed the application for reorganization of real estate development enterprises, and has solicited the opinions of the Ministry of land and resources on the application for reorganization of the real estate class that has been accepted. In addition, the securities and Futures Commission said that the merger and reorganization policy involving real estate business is now being studied. After the relevant policy rules are introduced, the new projects will be accepted and approved according to the standards and procedures established by the new rules.

These people said that in the future, the SFC will also actively cooperate with the Ministry of land and resources, and continue to actively implement the various real estate policies of the State Council, stabilize and orderly, and promote the merger and reorganization projects involving real estate business in accordance with the law, and promote the real estate market. capital market Healthy and stable development. Since 2009, the State Council and relevant departments have promulgated a series of industrial and financial policies regulating land transfer, taxation, credit and so on. In April 2010, the State Council issued a circular on Resolutely Curbing the excessive rise in housing prices in some cities. It explicitly called for a moratorium on the major asset restructuring of real estate development enterprises with land idle and speculation.

According to introduction, the SFC has always attached great importance to the merger and reorganization. Real estate Develop the standardization and sustainable operation ability of enterprises. In 2008, in order to cooperate with the State Council's macro-control policies on real estate, the SFC specially formulated a series of standards for the merger and reorganization of real estate development enterprises. Whether the type and type of products developed by the listed real estate development enterprises were in line with the national industrial policy, and whether there were any illegal activities in the process of land acquisition in the past 3 years, and the qualifications and industry status of the real estate development enterprises that were to be listed on the backdoor listing should be specified in detail. At the same time, higher requirements were put forward for the real estate development enterprises in the proposed backdoor real estate development in terms of historical business performance, so as to limit the operation of the real estate development enterprises with irregular operation and weak profitability into the securities market.