Group 1 - The core viewpoint of the articles is that real estate companies are accelerating their debt restructuring efforts, with a total debt reduction scale of approximately 1.2 trillion yuan, significantly alleviating short-term repayment pressures [1][3][4] - The debt restructuring plans are shifting from merely extending repayment periods to directly reducing debt amounts, providing companies with a chance for "rebirth" [3][4] - Major companies like Country Garden and Sunac have recently made progress in their overseas debt restructuring, with significant support from creditors [5][7] Group 2 - As of October 2023, 21 distressed real estate companies have made substantial progress in debt restructuring, with many achieving over 50% debt reduction in their overseas debt [7][8] - Companies that have successfully managed their debt negotiations are beginning to resume investments, indicating a potential recovery in the market [4][8] - The focus for many companies post-restructuring is shifting towards light asset operations, such as property management and asset management, to enhance their financial stability [9][10]