A new sample of trust risk resolution: CITIC Trust issues priority rescue loans to project companies with 150 million inherent funds

On September 13th, recently, a real estate trust under CITIC Trust with a scale of 1.47 billion yuan has proposed a rescue plan after the delay, which has been voted and approved by the investor conference. CITIC Trust issues a rescue loan of no more than 150 million yuan to real estate project companies with inherent funds, and the rescue loan is a priority. Previously, there were risks related to real estate trusts, and the way trust companies dealt with it generally included: taking over the equity of real estate projects, introducing partners to jointly develop, auctioning mortgage real estate projects, and issuing priority rescue loans to real estate project companies with inherent funds of the trustee is the first time in the industry.