Closer Look: Companies Backtrack on Real Estate

(Beijing) – As China's real estate market cools, listed companies with real estate as non-core business are accelerating their exit from the sector. 

Sixteen mainland-listed firms have so far this year announced their decision to spin off real estate development assets, according to Shanghai Securities News in an early December report. These companies have core businesses in various industries such as mining, aquaculture, power generation, chemicals processing and Chinese wine production.