SOEs need to fullfil their due function

REPORTS SHOW that State-owned enterprises have purchased 27 of the top 50 most expensive pieces of land for commercial development nationwide. They did it despite the fact that discipline requires them to exit from the realty industry. It is time to deepen the SOE reform and better regulate them, says Beijing News

As early as 2010, non-realty SOEs were required to exit from the industry and concentrate on their own fields of business. Last October that order was reiterated.

Yet the data shows that non-realty SOEs are increasing their investments in the realty sector.