Core Viewpoint - The debt restructuring of three major real estate companies in China, namely Country Garden, CIFI Holdings, and Sunac, has been successfully completed, marking a significant step towards debt reduction and risk clearance in the industry by 2025 [1] Group 1: Debt Restructuring Announcements - Country Garden announced that December 30, 2025, will be the effective date for its debt restructuring [1] - CIFI Holdings confirmed that all conditions for its offshore debt restructuring have been met, with the plan officially taking effect on December 29, 2025 [1] - Sunac declared that all prerequisites for its comprehensive offshore debt restructuring were fulfilled, with the effective date set for December 23, 2025 [1] Group 2: Impact on Financial Health - The debt restructuring has led to a significant reduction in total debt for these companies, alleviating the risk of concentrated repayments in the coming years [1] - The restructuring is expected to save substantial interest expenses annually, providing a buffer for operational recovery [1]