China Huarong bailed out tens of billions of real estate projects to acquire trust creditor's rights to solve the issue of trust product redemption for stakeholders

According to China Huarong's official Weibo account, China Huarong Hubei Branch has effectively given full play to the advantages of asset management companies in counter-cyclical and rescue financial services. The rescue project was successfully implemented to serve "guaranteed building delivery, people's livelihood, and stability", and achieved remarkable results. With the support of the local government, China Huarong Hubei Branch gave full play to its professional advantages and provided rescue financial services. After three months of due diligence and negotiation, it finally reached an agreement with all parties to form a "debt restructuring + management restructuring + property rights restructuring" "Project risk resolution plan" and promoted its implementation. First, through the acquisition of trust creditor's rights, solve the problem of payment of trust products by stakeholders, ease the short-term cash flow tension of enterprises, and realize "debt restructuring"; second, send directors and management personnel to the project company, Strengthen project management, improve the decision-making procedures of the board of directors, strengthen the closed supervision of repayment sources, and realize "management reorganization"; thirdly, carry out risk isolation through professional means and realize "property reorganization". The smooth implementation of this project, firstly, effectively bailed out key local investment promotion projects, broke the deadlock, resolved major project risks, drove the resumption of work and production of projects worth more than 10 billion yuan, and ensured the delivery of more than 1,000 sets of commercial houses on schedule; secondly, maintained The rights and interests of nearly 1,000 investors have maintained the regional financial credit environment and supported the local people to solve social and people's livelihood problems; third, they have joined hands with Huarong Industrial and other units to participate in the substantive management of real estate projects, effectively controlling risks and ensuring project operations. The subsequent development of similar businesses has laid a foundation, achieving a win-win situation for the government, financial institutions, investors, house buyers, and developers, and contributing to the further optimization of the local business environment.