According to CoinMeta, the China Securities Regulatory Commission (CSRC) issued "Opinions on Capital Markets Supporting the Construction of a New Real Estate Development Model," proposing to carry out the delisting supervision of listed real estate development enterprises in a steady and orderly manner, strictly enforce the delisting system, facilitate diversified delisting channels, and ensure proper protection for investors related to the delisting of listed real estate development enterprises. For real estate development enterprises that default on their bonds, the CSRC will cooperate with the local city governments where they are registered to urge the enterprises, major shareholders, and actual controllers to raise funds from various sources, and to steadily promote the resolution of these defaulted bonds in accordance with market-oriented and rule-of-law principles.