2 days ago · Vanke has Rmb36bn of capital market debt coming due this year. Given the company’s well-known status in China, ... Beijing has, since Evergrande’s default in 2021, prioritised completing ...

2 days ago · Beijing (AFP) – Indebted Chinese property giant Vanke said Monday that its CEO had resigned due to "health reasons", after state-backed media reported he had been taken away by authorities.

2 days ago · China Vanke, once a pillar of stability in the country's turbulent property market, announced a projected net loss of $6.2 billion for 2024, marking the largest annual loss in the developer's history. The company also revealed a sweeping management reshuffle, with Chairman Yu Liang and CEO Zhu Jiusheng stepping down. The shakeup comes as the embattled developer grapples with mounting debt ...

Jan 20, 2025 · Vanke has US$4.9 billion (S$6.7 billion) in yuan- and dollar-denominated bonds maturing or facing redemption options in 2025, the highest annual amount of debt repayment ever and the most for any ...

2 days ago · The unusual support shows that Vanke holds a special place within China’s moribund property sector. The developer is known across the country and already has state backing via the subway operator in Shenzhen. Vanke has deep roots as just the second company to list on the Shenzhen Stock Exchange in 1991, with a ticker symbol of 000002.

2 days ago · Beijing has in recent years grappled with a prolonged crisis in the country's vast real estate sector, once a key pillar of the economy but now beset with sprawling debt. Hong Kong-listed Vanke is part-owned by the government of Shenzhen and was China's fourth-largest real estate firm by sales last year, according to research firm CRIC.

Jan 21, 2025 · Vanke, whose interest-bearing debt stood at 331.3 billion yuan ($45.21 billion) as of the end of last June, is still trying to sell stakes in logistics platform GLP, property management unit Onewo ...

Mar 12, 2024 · Beijing has been struggling to restore confidence in the country’s ailing real estate industry and appears to be working flat out to prevent China Vanke going the way of Evergrande and...

Jan 21, 2025 · Creditors, analysts expect Beijing to step in to stabilize Vanke; Shenzhen government steps up meetings and coordination - sources; State takeover to be first since property crisis started in 2021

2 days ago · Yulu Ao in Hong Kong and Yuke Xie in Beijing. Published: 8:19pm, 27 Jan 2025 Updated: 11:22pm, 27 Jan 2025. Embattled builder China Vanke, once the second-largest Chinese developer by sales, ...