China’s property crisis has reignited after one of its largest state-backed developers was plunged into a fresh debt spiral.
Vanke has lost its ability to generate cash flow and is “relying on external transfusions to keep operating”, said Zhang ...
China Vanke will seek bondholder approval to delay the repayment of a 2 billion yuan ($282.6 million) onshore bond, a filing ...
China Vanke's bonds plunged on Thursday after the property developer sought to delay an onshore bond repayment for the first ...
Within three years, Beijing must rebalance from investment to consumption, putting downwards pressure on iron ore prices.
Yet in more recent months, the market has fallen back into the basement. Prices in China’s 70 biggest cities dropped in ...
SHANGHAI/HONG KONG (Reuters) -Bonds of Chinese state-backed property developer Vanke tumbled on Wednesday, after media hints of a possible restructuring of its debt reignited doubts about further ...
New World Development Co. and China Vanke Co., two of the most closely watched distressed Chinese property names, are again forcing investors to reckon with the fallout from the country’s real estate ...
Since mid-2024, the government has cut borrowing costs on existing mortgages, relaxed buying curbs in big cities and lowered ...
News this week that Beijing is working on new measures to help revive the struggling housing market is encouraging as China ...
State-backed developer China Jinmao Holdings Group Ltd. is planning its first overseas bond in more than three years, people ...
Chinese policymakers are reportedly considering a new, aggressive package of measures aimed at reviving their troubled ...