According to sources, a leading investment bank has once again taken action to participate in the bailout of a large domestic real estate company. It is understood that a first-tier city in the south has submitted the rescue plan to a higher level through provincial channels.

The protagonist of this operation is the local government and the major shareholder of the real estate company, a subway group. The investment bank is mainly responsible for technical work: how to restructure debt, which assets can be sold, and where the money comes from. Specifically, it includes negotiating loan extensions with banks, selecting high-quality assets to be realized, docking policy funds, etc.

At present, the plan has been reported, but the emphasis is on "market-oriented operation". In other words, whether the state-owned assets will directly throw money in, there is no accurate letter yet. But being able to come to this point shows that the matter is indeed quite big - after all, it is a liquidity crisis involved, not a small fight.

The market is watching how this large-scale debt restructuring will be implemented in the future.