BRIEF: Vanke swings to $6.82 billion loss as debt pressure mounts
Property developer China Vanke Co. Ltd. (2202.HK; 000002.SZ) announcedon Monday it recorded a net loss of 49.5 billion yuan ($6.82 billion) in 2024, reversing a profit of 12.2 billion yuan…
McKinsey Weighs China Exit, and Shenzhen Rescues Vanke
Some partners at U.S. consulting giant McKinsey are questioning the wisdom of staying in China. What's driving their doubt, and what would a withdrawal signify? And Shenzhen rescues struggling developer Vanke. What is the city demanding in return for its assistance?
The state steps in to shield China Vanke from debt crunch
Default risks have receded at the embattled property developer after a state-backed support effort, but business recovery is still a long way off Key Takeaways: The head of the firm’s…
China Inc Under Trump, and a Property Developer’s Rapid Reorganization
What should Chinese companies expect in Trump 2.0? And a mid-tier property developer advances a plan to reorganize its offshore debt at lightning speed. By Doug Young & Rene Vanguestaine…
CHINA BULLETIN: Bank Loan Growth Hits Record Low
In this week’s issue bank lending sags, the holiday box office roars, and Huawei gets an unwanted call in France. On a scale of 1 to 100, we give the…
CHINA BULLETIN: Yuan on the Comeback Trail
In this week’s issue the yuan bounces back, a lifeline for developers and a livestreamer confirms its CEO’s arrest. On a scale of 1 to 100, we give the week…
CHINA BULLETIN: Economic Distress Signals Keep Coming
In this week’s issue the Middle Kingdom in the Middle East, Bill Gates goes to Beijing and Hong Kong welcomes yuan-based stock trading. On a scale of 1 to 100, we give the week a 50 for offshore-listed China stocks.