【英语中国】今日视点：中国地产业或将面临整合

In a sign that more consolidation could be on the way in China’s real estate sector, Xi’an Minsheng on Wednesday acquired a smaller property group in Shaanxi province.

Xi’an, the regional capital, is the land of the Terracotta Warriors, but it’s an army of fevered property investors that has worried Chinese authorities this year. However, Minsheng’s move comes as government measures to cool the market are working, making small developers juicy acquisition targets.

Minsheng paid approximately $50m for Huacheng Property, a group located in a fast-growing area of the city of Xi’an, where competition is less fierce than in more developed commercial zones and where disposable income is on the rise.

Minsheng itself is listed on the Shenzhen stock exchange and is a subsidiary of HNA Group. Its prize asset is a department store building and it had revenues of around $180m last year.

Since the Chinese property market reached fever pitch earlier this year the government has introduced measures to curb the bank lending that drove it, including a directive to banks to refuse mortgages to customers looking to buy a third home.

Those measures have taken some heat out of the market and analysts say the result will be many small developers running short of cash and being forced to sell out. That’s especially likely in second and third-tier cities.

Property assets in key cities like Shanghai and Beijing are in high demand, but owners there are less likely to sell.

西安民生集团周三收购了陕西省的一家小型房地产公司，这是中国房地产行业可能会出现更多整合的一个最新迹象。

西安是陕西省省会、兵马俑的故乡，但今年让政府忧心的，是一群热火朝天的房地产投资者大军。不过，政府的市场降温措施开始显现作用，该政策使得一些小型开发商成为了诱人的收购对象。

民生集团支付了大约5000万美元购买华城置业。华城位于西安市一片正迅速崛起的区域。相比该市更为成熟的商业区，那里的竞争不算激烈，居民可支配收入也呈上涨态势。

西安民生在深交所挂牌上市，是中国海航集团(HNA Group)的旗下子公司。西安民生的主要资产是一座百货大楼，去年收入约为1.8亿美元。

今年早些时候，中国的房地产市场达到狂热状态，政府因此出台了一系列措施，抑制推动楼市的银行借贷。这些政策包括禁止银行向购买第三套房的顾客发放按揭贷款。

这些措施已经开始为市场部分降温。分析人士称，作为结果，许多小型开发商将因缺少资金而被迫变卖资产。这种情况特别有可能发生在二、三线城市。

在上海和北京等重点城市，对房产的需求依然旺盛，然而那里的业主们不太可能将其出售。

译者/麦可林