80 billion yuan of commonweal bonds to "rescue" Suning Group's restructuring: two major asset management giants plan to enter and revitalize four ongoing projects.

38 Suning-affiliated companies facing insolvency are moving forward with bankruptcy reorganization, and in order to gain more support from creditors, the voting period for the reorganization plan has been extended to December 14th. Creditors not only need to vote on the overall reorganization plan, but also need to simultaneously vote on the proposal for borrowing in the form of commonweal bonds. The commonweal bond proposal obtained by reporters shows that CITIC Financial Asset Management Co., Ltd. Jiangsu Branch and China Eastern Asset Management Co., Ltd. Jiangsu Branch intend to form a consortium to provide a maximum of 8 billion yuan in commonweal bonds, specifically for revitalizing and continuing the construction of Suning's 4 real estate projects under development.