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…
FAST NEWS: Vanke’s sales tumble in January
The latest: China Vanke Co. Ltd.(2202.HK, 000002.SZ) announced on Thursday that its contracted sales area in January was 1.25 million square meters that sold for 19.45 billion yuan ($2.73 billion), down 32% year-on-year and…
Shaky Vanke finds stabilizing friend in Shenzhen government
Shenzhen SASAC and Shenzhen Metro Group offered the hometown property champion their support after investors worried about its ability to repay its debt Key Takeaways: Vanke has no more overseas…