Beijing Plans To Build A Giant Commercial Aircraft Carrier &Nbsp; Xidan Shopping Mall Will Marry New Yansha.

In Xidan

Beijing's SASAC official website shows that the Beijing SASAC's trading companies include: Capital Tourism Group, Xidan friendship group, Wangfujing Dongan group, Wangfujing department store (Group), Beijing one business group, Beijing two business group,

Fan Yanru, Deputy Secretary General of the China general merchandise business association, told reporters that Beijing has never had such a large business enterprise as Bailian Group. Therefore, it is possible for the Beijing SASAC to integrate its resources and build a large business enterprise comparable to Bailian Group.

But she also pointed out some potential difficulties in Integration: "every business has different business philosophy and different systems. For example, Xidan and Wangfujing are listed companies, while Cuiwei has state-owned parts."

By the end of 2009, there was a clamour for Wangfujing to absorb several business enterprises in Beijing as an integrated platform.

According to this statement, Beijing SASAC has the intention to integrate its trading enterprises. As a listed company, Wangfujing has been "integrated" into an integrated platform.

Since then, Wangfujing has "linked" Xidan shopping malls as a hot topic for market participants.

However, this seemingly gratifying "combination" broke up in March 2010.

The main reason for the analysis is that the development trend of Wangfujing and Xidan shopping malls is not balanced in recent years.

The performance of Xidan shopping center fluctuated for a while, but it turned into a deficit only in the third quarter of 2009. But Wangfujing successfully launched its own expansion plan.

In addition, departmental interests and personnel arrangements are also obstacles to integration.

Xidan shopping mall successfully integrated new Yansha

In November 6, 2010, the SASAC group and the first brigade group of the Beijing SASAC finally achieved a "hand in hand".

According to the announcement, the Xidan shopping center under the West friends group will buy 100% of the new Yansha holdings of the first brigade group under the way of issuing shares.

The total assets, operating income or net assets of Xidan shopping malls are far less than that of new Yansha holdings.

According to the relevant reports, the total assets, operating income and net assets of new Yansha holdings in 2009 accounted for 131.83%, 216% and 226.17% of the corresponding subjects in the same period in Xidan shopping malls.

The reorganization is of great significance not only to the Xidan market, but also by the Beijing SASAC to increase structural readjustment, further optimize the industrial layout of the state-owned assets and promote the modernization of trade and distribution.

Xidan Shopping Center said that its current formats are mainly mass fashion department stores and exclusive franchised stores. The new LSA holdings are mainly urban high-end department stores, community leisure shopping centers, outlets, and large integrated shopping centers. Both sides can complement each other in market positioning.

For new Lufthansa holdings, the company will enter into a listed company to realize asset securitization, that is, securitization of the assets of the first retail group.

Who will be the next integration?

The retail market in Beijing is very competitive. Although there are local retail businesses represented by Wangfujing, Hualian, Cui Wei, Wuming, super market and Jingkelong, at the same time, Carrefour, WAL-MART, Parkson, new world and other foreign and foreign enterprises also occupy a larger market share, and the number and sales of stores are highly competitive.

According to the analysis of the industry, if Beijing's local commerce and trade enterprises can not be twisted into a rope, but in some areas there will be internal friction, which will drag on the comprehensive strength of Beijing's local business enterprises.

According to reports, the Beijing Municipal Committee put forward in the "12th Five-Year plan" proposal that we should improve the management system of all kinds of state-owned assets, deepen the reform of state-owned enterprises, increase the intensity of mergers and acquisitions, and cultivate large enterprise groups and superior industrial clusters.

Some market participants told reporters that Xidan and the new Lufthansa match is just the beginning of Beijing SASAC's integration of its business enterprises, and follow-up actions are worth looking forward to.

Wangfujing is an integrated platform that Beijing SASAC has long looked forward to, and Beijing's urban and rural areas may also become an important platform for Beijing's SASAC to integrate further.