The country's first industry-specific enterprise restructuring service platform outside of court has been launched and operational in Shenzhen.

On March 26, 2026, the unveiling ceremony of the Real Estate Industry Association Sub-center of the Shenzhen Out-of-Court Restructuring Service Center (hereinafter referred to as the “Real Estate Industry Association Sub-center”) was held at CITIC International Building, marking the launch of the first industry-specific out-of-court restructuring service platform in the country in Shenzhen. Leaders from the Shenzhen Municipal Bureau of Bankruptcy Affairs, Shenzhen Municipal Small and Medium Enterprises Service Bureau, Shenzhen Municipal Housing and Construction Bureau, Shenzhen Real Estate Industry Association, Shenzhen Bankruptcy Administrator Association, Shenzhen Anju Jianye Investment Operation Co., Ltd., relevant real estate experts, and business representatives attended the ceremony. The Shenzhen Municipal Bureau of Bankruptcy Affairs, Shenzhen Real Estate Industry Association, and Shenzhen Anju Jianye Investment Operation Co., Ltd. signed a cooperation agreement to jointly promote the unveiling and efficient operation of the Real Estate Industry Association Sub-center.

Unveiling Ceremony Scene

Continuous Innovation to Create an Efficient Interactive Service Model of “Government + Industry”

The Real Estate Industry Association Sub-center is the first industry-specific out-of-court restructuring service platform in the country and represents another innovative exploration in Shenzhen’s improvement of the out-of-court restructuring mechanism for enterprises. In October 2025, the Shenzhen Municipal Bureau of Bankruptcy Affairs, in conjunction with the Shenzhen Municipal Small and Medium Enterprises Service Bureau and the Shenzhen Bankruptcy Administrator Association, jointly established the Shenzhen Out-of-Court Restructuring Service Center, the first out-of-court restructuring service platform primarily initiated by government agencies in the country. In November of the same year, leveraging the Shenzhen Out-of-Court Restructuring Service Center, efforts were made to establish a sub-center for out-of-court restructuring in Luohu District, pioneering the exploration of an out-of-court restructuring service model characterized by “city-district linkage, platform interconnection, and collaborative efficiency” in the country. The launch of the Real Estate Industry Association Sub-center signifies further innovation in the out-of-court restructuring service model, deep integration, and expansion of out-of-court restructuring service resources, and the exploration of a new model of specialized out-of-court restructuring services that is efficiently interactive between “government and industry,” further improving the out-of-court restructuring mechanism for enterprises.

President Lv Jinchuan’s Speech

Precise Efforts to Support Healthy and High-Quality Development of the Real Estate Market

Real estate is an important industry in the national economy, and the country has always attached great importance to the stable and healthy development of the real estate market. To deeply implement the Party and the country’s decisions and deployments regarding promoting the stable and healthy development of the real estate market and establishing and improving the out-of-court restructuring system, the establishment of the Real Estate Industry Association Sub-center aims to fully leverage the resource advantages of relevant units in out-of-court restructuring, member services, and restructuring practices, focusing on the operational difficulties faced by some real estate enterprises. It actively promotes distressed enterprises to explore new paths for debt risk resolution through market-oriented and legal means, encourages and supports distressed enterprises to effectively utilize the out-of-court restructuring mechanism, achieve efficient value reconstruction, debt relief, and economic regeneration, and contribute to and maintain the stable, healthy, and high-quality development of the real estate market.

Issuance of Expert Appointment Letters

Collaborative Linkage to Promote Efficient Integration and Sharing of Out-of-Court Restructuring Resources

The Real Estate Industry Association Sub-center will rely on the relatively mature professional strengths and supporting institutional resources of the Shenzhen Out-of-Court Restructuring Service Center, including the registry of out-of-court restructuring specialists and investors, and the service guidelines for enterprise out-of-court restructuring, to efficiently establish the real estate industry’s out-of-court restructuring service platform, effectively reducing the operational costs of the system. The Real Estate Industry Association Sub-center will also propose targeted measures to efficiently achieve value reconstruction and debt relief for distressed real estate enterprises in areas such as project reserve, investment recruitment, comprehensive coordination, case cultivation, and policy promotion. At the same time, to enhance the professionalism of the out-of-court restructuring work of the Real Estate Industry Association Sub-center, a group of professionals with rich theoretical research and practical experience in the industry has been selected to form an expert database for real estate enterprise restructuring consulting, providing strong intellectual support for value assessment, negotiation coordination, and restructuring framework design for real estate enterprises.

Event Scene

Next, the Shenzhen Out-of-Court Restructuring Service Center and the Real Estate Industry Association Sub-center will further strengthen publicity and promotion, continuously enhance the awareness and influence of the enterprise out-of-court restructuring service mechanism, guide distressed enterprises to correctly understand and utilize the out-of-court restructuring mechanism, promote the “early detection, early guidance, early treatment” of enterprise debt issues, and help create a referenceable, promotable, and effective sample of out-of-court restructuring relief in the real estate industry. (Wenxi)