Core Viewpoint - The successful revitalization of the Tian Tuo land project, which had been stagnant for over a decade, demonstrates the effectiveness of innovative approaches in asset management and urban renewal, particularly through the collaboration of China Great Wall Asset Management and Tianjin municipal companies [1][4]. Group 1: Project Background - The Tian Tuo land project has been on hold since 2013 after the original Tianjin Tractor Factory was relocated, leading to a significant increase in land value, with the total transaction price exceeding 10 billion yuan [2]. - The project includes over 1 million square meters of planned construction, comprising residential, commercial, office, and hotel spaces, while retaining some historical factory buildings for commercial use [2]. - Due to liquidity issues faced by the project company, development was halted, resulting in overdue bank loans and the accumulation of non-performing assets [2]. Group 2: Innovative Solutions and Policy Support - China Great Wall Asset Management, in collaboration with Tianjin state-owned assets, initiated a judicial auction process to revitalize the Tian Tuo project, utilizing a special purpose vehicle (SPV) to manage the acquisition [3][4]. - The project will involve the construction of new educational facilities and community services, enhancing the living standards and safety of local residents while preserving historical industrial elements [3][4]. Group 3: Financial Contributions and Responsibilities - China Great Wall Asset Management has invested over 10 billion yuan to address issues in the real estate sector, facilitating the payment of over 8 billion yuan in construction fees and 500 million yuan in wages for workers [5]. - The company aims to align with national urban development strategies, focusing on quality urban renewal and risk mitigation in the real estate sector, while leveraging its financial and real estate expertise [7].