Chinese authorities are working on a proposal to help China Vanke Co. plug a funding gap of about 50 billion yuan ($6.8 billion) this year, according to people familiar with the matter ...
If a bail-out for Vanke is forthcoming, China’s leaders will have blinked. Although the rescue would be organised by local ...
“Policymakers don’t want Vanke to fall because that’s going to really damage sentiment,” said Larry Hu, chief China economist at Macquarie, adding that the new phrase in housing policy circles was ...
Vanke’s bonds soared as investors bet that ... Holdings Co that defaulted in recent years with little help from Beijing or other government entities. “Vanke is the first developer to see ...
Developer stocks surge by as much as 20 per cent after a report that authorities are preparing to cover China Vanke’s funding gap.
China Vanke Co. won more support from authorities as its largest state shareholder agreed to provide up to 2.8 billion yuan ($383 million) to help the struggling developer repay outstanding debt.
Beijing’s primary focus appears to be ensuring that presold homes are completed and delivered, rather than bailing out developers entirely. Vanke has suffered from the same vicious cycle that ...
Market activity has picked up. Between Jan. 1 and 27, the total sales area of newly built commercial housing in 30 cities rose four percent year on year, while the transaction volume of second-hand ...
Chinese authorities are working on a proposal to help China Vanke Co. plug a funding gap of about 50 billion yuan ($6.8 billion) this year, according to people familiar with the matter, highlighting ...
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