Risk-prone real estate companies' debt restructuring exceeds 1.2 trillion yuan, and the process of industry risk clearance is accelerating.

Real progress has been made in the debt restructuring of real estate companies. According to data from China Real Estate Index System, as of October 30, 21 distressed real estate companies have had their debt restructuring and reorganization approved and completed, with a total debt restructuring amount of approximately 1.2 trillion yuan. The Director of Enterprise Research at the China Real Estate Index System, Liu Shui, told reporters, "These companies have a total interest-bearing debt of nearly 2 trillion yuan. With the approval of debt restructuring and reorganization, it will greatly reduce the pressure on these companies to repay public debts in the short term, allowing them to enter a safe period. Distressed real estate companies will reduce debt through various means, improve their balance sheets, and accelerate the overall risk clearance process in the real estate industry."