Rare China support shows Vanke may be too big to fail
China Vanke Co. has been thrown a lifeline by state authorities, a rare show of support that signals the developer may be too ...
Digital Journal10d
Chinese property giant Vanke warns of huge loss, CEO resigns
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 ...
China’s property sector retreats into state hands
More than three years into China’s housing crisis, there is still no sign of its ending. Now, as private and locally-owned developers keep faltering, the sector is becoming more state-dominated. That ...
Vanke's No. 1 investor installs chairman in ailing developer to guide its way out of debt
Embattled builder China Vanke, once the second-largest Chinese developer by sales, reshuffled its management while ...
The Financial Times10d
Vanke’s woes reignite fears for China’s property sector
Vanke said in a separate filing that it expected ... Rather than carrying out individual bailouts, Beijing has, since Evergrande’s default in 2021, prioritised completing unfinished projects ...
Rare China support shows developer Vanke may be too big to fail
China Vanke Co has received a lifeline by state authorities, a rare show of support that signals the developer is too big to ...
WFMZ-TV10d
Chinese property giant Vanke warns of huge loss, CEO resigns
Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons". Beijing has in recent ...