Group 1 - The core viewpoint of the news is the positive progress in the domestic debt restructuring of real estate companies, particularly Longguang Holdings and Xuhui Holdings, indicating a trend towards resolving debt issues in the industry [1][2][3] Group 2 - Longguang Holdings has seen a successful vote on its debt restructuring plan, with 8 ABS approved and 21 company bonds and ABS nearing completion of voting, involving a total principal amount exceeding 21.9 billion [1] - The restructuring options for Longguang include specific assets, asset swaps, cash buybacks, debt-to-equity swaps, and debt retention [1] - Xuhui Holdings has also optimized its debt restructuring plan, involving 7 domestic company bonds with a total principal balance of 10.06 billion [1][2] Group 3 - Xuhui's updated restructuring plan includes five options: cash buyback, stock economic rights, asset swaps, general debt, and full debt retention, with significant increases in buyback amounts and stock issuance [2][3] - The cash buyback amount has been raised to a maximum of 220 million, with the buyback price increased from 18% to 20% of face value [2] - The asset swap option now accepts a principal amount of approximately 5.2 billion, with improved terms for investors, including the removal of subordinate trust shares [2][3] Group 4 - The general debt option allows bondholders to convert their bonds into general debt with a reduced extension period and optimized interest payment terms [3] - The full debt retention option has a shortened extension period and adjusted interest rates, with provisions for early repayment based on asset disposal [3] - Xuhui has introduced a consent fee to encourage investor participation in the restructuring plan, offering a 0.2% fee for those who agree to all proposals [3]

| 六 克面瑞 · 研究中心 | | | | --- | --- | --- | | | 司司居地产企业 | | | | 代建品牌传播力TOP20 | | | 排名 | 企业简称 | 得分 | | 1 | 绿城管理 | 93. 85 | | 2 | 金地管理 | 93. 23 | | 3 | 一旭辉建管 | 92. 37 (1)) | | | 蓝城集团 | 91 48 | | 5 | 润地管理 | 91. 34 | | 6 | 而今管理 | 89. 50 | | 7 | 龙湖龙智造 | 89. 26 | | 8 | 招商建管 | 89. 21 | 1、上半年新增拓展增长超预期，超800万平方米企业共5家 ◎ 文/ 克而瑞研究中心 PART1 榜单发布 2、新拓规模TOP5集中度近五成，整体延续"集中度高企、内部分化"格局 3、TOP10新拓规模同比增三成，聚焦二线成为共识 4、品牌传播聚焦"好房子"，代建企业不断完善和构建产品线 | 9 | 蓝绿双城 | 88. 94 | | --- | --- | --- | | 10 | 新城建管 | 88. 39 | | 11-11 | 建发更新建设 | 87.99 | ...

智通财经APP获悉，近期，房地产行业捷报频传。一方面，民营房企境外债融资成功破冰，行业融资环 境呈现边际改善态势。另一方面，出险房企的化债工作也纷纷传来好消息。 6月27日，旭辉控股集团（00884）宣布其境外债务重组计划获香港高等法院批准，计划生效日期已落 实。这一成果在房地产行业深度调整变革的当下显得尤为关键，它不仅为旭辉自身的重启发展奠定坚实 基础，更为整个行业的债务化解工作注入了一剂强心针。 旭辉境外债务重组的成功获批，让市场看到了民营房企在逆境中求生的可能，也为其他面临类似困境的 企业提供了宝贵的经验和信心。深入梳理旭辉的重组路径，可以发现五大核心要素构筑了其闯关成功的 基石。 优质资产增信，彰显履约诚意 管理层躬身入局，专业团队高效推进 自2022年11月启动境外债务重组之时，旭辉便迅速成立了由主要债权人组成的美元债小组与银团委员 会，这一行动有力地保障了沟通的顺畅，有效避免了双方相互掣肘的情况，为重组工作构建了坚实的协 作基础。 在过去的2年半中，旭辉内部成立了专业团队，专门负责重组事务。同时，大股东与管理层深度参与关 键决策与谈判，确保了内部执行的高效性以及对市场动态的快速响应。旭辉控股实控人 ...

市场越来越乐观地认为，美联储可能很快就会降息。根据芝加哥商品交易所美联储观察工具(CME FedWatch Tool)的数据，截至上周五，市场预计美联储在7 月底的下一次会议上降息的可能性为18.6%，高于前一周的14.5%。与此同时，投资者押注9月底前降息的可能性大幅上升，市场目前预计美联储届时降息的 可能性为93%，高于一周前的70%。 然而，美联储主席鲍威尔在是否降息的问题上则更为谨慎。上周，他在国会众议院作证时强调，美联储"处于可以等待的有利位置"，不急于调整利率。 久期财经讯，6月30日，据悉，在本周，美国6月非农就业报告将成为市场关注焦点，有关职位空缺数量、工资数据以及制造业与服务业活动的最新数据也将 受到密切关注。投资者还将紧盯有关特朗普政府各项关税措施的最新动态，尤其是在7月9日这个特朗普设定的关税暂停期限即将到来之际。 数据来源：久期财经 旭辉控股集团(00884.HK)发布公告，本公司欣然宣布，根据法院于2025年6月26日作出的命令，该境外债务重组计划已获法院批准。根据该计划的条 款，该计划的计划生效日期已于2025年6月27日落实。 弘阳地产(01996.HK)发布公告，由于若干债权人 ...

Group 1 - The iBoxx China USD bond investment-grade index rose by 0.59% and the speculative-grade index increased by 1.25% [2] - The People's Bank of China and six departments issued guidelines to support consumption and stabilize economic expectations, emphasizing the importance of monetary policy and fiscal policy coordination [2] - The manufacturing PMI for June was reported at 49.7%, while the non-manufacturing PMI was at 50.5%, indicating a slight recovery in economic activity [3] Group 2 - The issuance scale of offshore bonds decreased in the primary market, while the secondary market saw slight increases in investment-grade and high-yield bond indices [3] - The energy futures prices dropped due to easing tensions in the Middle East, affecting related bonds in the petrochemical sector [4] - The real estate high-yield bond index showed a slight increase, with companies like Vanke completing significant bond repayments [4] Group 3 - Zhongjun Group signed a restructuring support agreement to restructure $2.271 billion in debt [5] - Shenzhen Longguang Holdings sent a restructuring proposal to creditors for 21 company bonds and asset-backed securities [5] - CIFI Holdings announced that its offshore debt restructuring plan was approved by the court [5] Group 4 - The U.S. core PCE price index rose by 2.7% year-on-year, slightly above market expectations, while personal consumption expenditures fell by 0.3% month-on-month [6] - The Hong Kong government reopened existing 3-year and 5-year government bonds, with issuance sizes of HKD 1.25 billion each [9] - The National Development Bank successfully issued dual-currency bonds in the international market, achieving a high subscription rate [9] Group 5 - S&P restored the credit rating of China Great Wall Asset Management to "BBB" with a stable outlook after a capital injection [15] - Moody's upgraded Shanghai Electric's rating to "Baa2" with a positive outlook, expecting improved leverage ratios [16] - New World Development secured written commitments from all banks for a HKD 87.5 billion refinancing [29]

金十数据6月16日讯，6月27日至6月30日，旭辉控股集团旗下7只公司债券将召开线上债权人会议，审议 债券重组的议案。重组方案包括调整增信措施，以及提供重组方案其他选项，包括债券购回选项、旭辉 控股集团股票经济收益权选项、以资抵债选项、一般债权选项，若上述选项债券持有人均未选择，则进 入全额留债长展期方案。旭辉不对以资抵债选项中的信托份额托底：本次信托计划无固定期限，信托份 额的偿付金额和偿付时间取决于拟抵债资产的运营或处置情况，发行人不对信托份额的偿付承担连带责 任。全额留债长展期方案则是展期9.5年，利息则降至1%。 （澎湃） 旭辉百亿公司债重组方案出炉：以资抵债方案不做托底承诺，留债方案展期9.5年 ...

旭辉在6月13日已向境内债券持有人定向发送整体境内债券重组议案，并将于6月27日~6月30日召开债 权人会议，正式启动境内债重组的投票工作。据知情人士提供的债券重组议案显示，旭辉拟调整未偿债 券的本息偿付安排和增信措施，并提供重组方案其他选项，包括债券购回选项、股票经济收益权选项、 以资抵债选项和一般债权选项。不同于传统单一展期模式，旭辉的重组方案融合了创新工具，为债权人 提供了多元化退出通道。（中房报） ...

Group 1: Company News - Greenland Hong Kong Holdings Limited (00337.HK) reported contract sales of approximately RMB 1.407 billion for the first five months of 2025, a year-on-year decrease of 59.27% [1] - Tencent Music (01698.HK) plans to acquire Ximalaya for USD 1.26 billion [2] - CIFI Holdings Group (00884.HK) recorded monthly contract sales of RMB 1.68 billion, a year-on-year decrease of 50% [2] - Yuzhou Group (01628.HK) reported contract sales of RMB 621 million in May, down from RMB 703 million in the same period last year [2] - HSBC Holdings (00005.HK) repurchased 520,900 shares on June 9, costing HKD 4.6 million [2] Group 2: Market Movements - The National Integrated Circuit Industry Investment Fund Co., Ltd. reduced its stake in Hua Hong Semiconductor (01347.HK) [2] - JPMorgan increased its short position in Bilibili (09626.HK) from 7.75% to 8.27% [2] - Haitian Flavoring and Food Company plans to issue 263 million shares at a price range of HKD 35 to HKD 36.3 per share [1]

Group 1 - The core point of the article is that CIFI Holdings Group (00884.HK) reported a contract sales amount of 1.68 billion RMB in May, which represents a year-on-year decrease of 50% [1]

旭辉控股5月合约销售额16.8亿元人民币，同比减少50%。 ...