BUSINESS

Shenzhen Taps 12 Financial Institutions to Rescue Distressed Property Projects

Published: Apr. 13, 2026 9:53 p.m. GMT+8

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The financial advisory panel holds its first matchmaking event on April 8. Photo: Shenzhen Municipal Financial Office

Shenzhen has assembled 12 major financial institutions to form an advisory panel tasked with restructuring debt and injecting fresh capital into the city’s distressed real estate projects.

The newly established Shenzhen Investment and Financing Financial Advisory Panel pairs state lenders, asset managers and brokerages with local government departments. At its inaugural meeting on April 8, the group began reviewing an initial list of 82 priority projects.

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Shenzhen formed 12-institution advisory panel to restructure debt and inject capital into distressed real estate projects.
April 8 inaugural meeting reviewed 82 priority projects; members include China Development Bank, state banks, China Orient, Citic Securities.
Employs debt restructuring, "last-in, first-out" funding with SOEs; differs from 2022 non-financing platform; targets urban renewal.

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Who’s Who

Shenzhen Anju Jianye Investment Operation Co. Ltd.: Shenzhen Anju Jianye Investment Operation Co. Ltd. is a state-owned platform established by the city in 2022 to take over management of distressed real estate projects and ensure home deliveries, though it generally refrained from providing new financing. (38 words)

China Orient Asset Management Co. Ltd.: China Orient Asset Management Co. Ltd. is a distressed-debt manager and member of Shenzhen's Investment and Financing Financial Advisory Panel, which reviews 82 priority real estate projects for debt restructuring and capital injection.

Citic Securities: Citic Securities is one of the brokerages on Shenzhen's Investment and Financing Financial Advisory Panel, formed by 12 major financial institutions to restructure debt and inject capital into 82 priority distressed real estate projects. The panel held its inaugural meeting on April 8.

AI generated, for reference only