UBS forecasts that destocking among Chinese developers will continue into 2025, with BEKE and CR Land identified as preferred entities. Meanwhile, Logan Group has reached an agreement with creditors on a holistic restructuring proposal for its offshore debt, totaling over $8 billion. In Henan, the satisfaction rate for 'whitelisted' real estate project financing was reported at 88% last year, with a loan scale exceeding RMB 120 billion.
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