China’s property debt crisis muddles on, as profits evade the pet economy
Domestic investors holding about $500 worth of Vanke bonds have agreed to extend their Dec. 28 maturity date by a month. Why are Vanke and its peers continually turning to this kind of delaying tactic rather than doing bankruptcy reorganizations? And pet hospital operator Ringpai has applied for a Hong Kong IPO.
15th Five-Year Plan: Solar and property wait for the next policy tide
As China shifts from the 14th to the 15th Five-Year Plan, solar tells a story of swelling under policy momentum before a pullback, while property experienced a forced, sharp slowdown…
BRIEF: Vanke Chairman Xin Jie resigns, citing personal reasons
Chinese property developer China Vanke Co. Ltd. (2202.HK; 000002.SZ) announced on Monday that its Chairman Xin Jie has resigned for personal reasons. It added the board has elected Huang Liping,…
Vanke not out of the woods as losses, debt keep mounting
Despite being taken over by Shenzhen Metro Group and promised full financial support, the developer, while avoiding defaults, reported its loss widened in the first half of 2025 Key Takeaways:…
BRIEF: Vanke’s losses continue to grow in first half of 2025
Real estate developer China Vanke Co. Ltd. (2202.HK, 000002.SZ) warned on Monday that it expects to report a loss of between 10 billion yuan ($1.4 billion) and 12 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?
BRIEF: China Vanke pledges 18.3% of Onewo’s shares to Shenzhen Metro
China Vanke (2202.HK) has pledged about 210 million shares of its property management arm, Onewo Inc. (2602.HK), as collateral for a recent major loan from Shenzhen Metro Group, Onewo said…