融创中国 has successfully completed a debt restructuring, eliminating approximately $96 billion in offshore debt, thereby positioning itself for greater financial stability and operational flexibility in the challenging Chinese real estate market.

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融创中国, a prominent Chinese real estate developer, has recently completed a significant debt restructuring process, successfully eliminating approximately $96 billion in existing offshore debt. This restructuring process, effective as of December 23, 2025, is anticipated to significantly reduce the company's overall debt pressure by nearly 60 billion RMB. The company has executed a plan which included the issuance of mandatory convertible bonds to creditors as part of the restructuring agreement.

Industry Overview in China

The Chinese real estate sector has faced significant challenges in recent years, primarily due to tightening regulations and a crackdown on excessive borrowing by property developers. These challenges have resulted in slower sales and a decline in property prices, leading many companies to seek restructuring solutions. As a result, various stakeholders in the industry, including developers and financial institutions, are navigating an environment characterized by increased scrutiny and changing market dynamics.

Despite these challenges, the Chinese government continues to emphasize the importance of the real estate sector in sustaining economic growth. In recent months, several policy measures have been introduced to support financing for ke