(middle Index Research Institute: the balance of maturing bonds of real estate enterprises in May exceeds 60 billion credit debt accounts for nearly 80%). According to the latest research report of the Research Institute of the Central Index, the balance of maturing bonds of real estate enterprises in May 2023 is 68.91 billion yuan, of which overseas debt accounts for 18.4% and credit debt accounts for 81.6%. The balance of bonds maturing in 2023 is 524.92 billion yuan, accounting for 18.6% of the total bond balance, of which overseas debt accounts for 34.4% and credit debt accounts for 65.6%. In terms of financing interest rates, the comprehensive average financing interest rate this month was 3.79%, down 0.26 percentage points from the same period last year and 0.1 percentage points lower than the previous month. The decline in financing composite average interest rates is mainly due to lower trust financing costs this month, pulling down overall interest rates. Among them, the average interest rate on credit debt was 3.72%, up 0.28% from the same period last year, down 0.02% from the same period last year; the average interest rate on trust was 6.97%, down 0.72% from the same period last year and 0.18% from the previous year; and the average interest rate of ABS was 3.48%, down 0.12% from the same period last year and 0.25% from the previous year.