Can the land and real estate of state-owned enterprises be priced as shares?

State-owned land use rights are priced as shares, which means that the state, as the land owner, converts the land use rights for a certain period of time into a certain number of shares and invests them in joint-stock enterprises to become shareholders of the enterprises and enjoy the shareholders' rights and interests of these shares. The state's contribution (share-holding) with the land use right at a fixed price refers to a newly established enterprise after the state's contribution and reorganization with the state-owned land use right for a certain period of time. The land use right is held by a newly established enterprise and can be transferred, leased or mortgaged in accordance with the provisions of land management laws and regulations on the transfer of land use right. The state-owned shares formed by land use right investment (shareholding) shall be uniformly held by the land administration department of the people's government with the power of examination and approval according to the qualified state-owned share holders entrusted by the state-owned assets investment subject.