Xuhui Holdings Launches Offshore Debt Restructuring Plan Optimization on June 29

According to Zhi Tong Finance, on June 29, Xuhui Holdings launched an optimization of its offshore debt restructuring plan, aiming to reshape a sustainable capital structure and strengthen focus on asset-light business lines to enhance financial flexibility.

The move follows similar steps by Evergrande (Fang Chuang), Country Garden (O Yuan), and Yuzhou Group. China's property market remains under pressure, with sales dropping 13.5% and investment declining 16.2% in the first five months of 2026. Restructured firms face difficulty meeting payment obligations designed on more optimistic assumptions. Evergrande became the first major developer to clear offshore debt through debt-to-equity conversion in December 2025, providing a model for debt distressed companies seeking sustainable recovery.