China 2nd Largest Property Developer $7.7 Billion China Vanke with $50 Billion Debt Receives 92.11% of Bondholders Approval (Exercised Put Option) for 1-Year Extension to Repay Remaining 60% Principal of $158 Million (CNY 1.1 Billion) 2028 January Bond (Embedded with Put Option to Allow to Sell Bond to Issuer at Pre-Agreed Price), 40% Principal to be Paid in 2026 January (30/1/26)
22nd January | Hong Kong
China 2nd largest property developer China Vanke ($7.6 billion market value) with $50 billion debt has received 92.11% of bondholders approval (Exercised put option) for 1-year extension to repay remaining 60% principal of $158 million (CNY 1.1 billion) 2028 January bond (Embedded with put option to allow to sell bond to issuer at pre-agreed price), with 40% of the principal will be paid in 2026 January (30/1/26). In 2026 January, China Vanke ($7.6 billion market value) was seeking 90-day grace period for $287 million (CNY 2 billion) bond repayment (Due 15/12/25) after previously receiving approval for 30-day grace period instead of 5-day grace period. In 2026 January, China Vanke was reported to be instructed by authorities to create a debt restructuring plan, in case of default. In 2026 January, China Vanke bondholders may face 89.9% losses (equivalent to 10.1% recovery rate) in base-case scenario projection by UK Barclays Bank & 99.1% losses (equivalent to 0.9% recovery rate) in worst-case scenario projection. In 2025 December, China Vanke bondholders approved a 2nd maturing bond ($528 million / CNY 3.7 billion, due 28/12/25) to 30-day grace period extension from 5-day grace period. In 2025 December, China Vanke bondholders approved (90.7% vote) 30-day grace period extension for $283 million (CNY 2 billion) bonds but rejected the 1-year extension (Only 21.7% vote). In 2025 December, China Vanke is proposing to pay bonds interest after bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds. In 2025 December, China Vanke bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds & enters into 5-day payment grace period, with China Vanke to seek bondholders approval for 30 business days grace period. In 2025 December, China Vanke proposed a 1-year extension for $2.8 billion (CNY 20 billion) of bonds with guarantees from major shareholder China state-owned Shenzhen Metro Group or acceptable collaterals, which will require 90% of bondholders approval. In 2025 December, China Vanke was seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
“ China 2nd Largest Property Developer $7.7 Billion China Vanke with $50 Billion Debt Receives 92.11% of Bondholders Approval (Exercised Put Option) for 1-Year Extension to Repay Remaining 60% Principal of $158 Million (CNY 1.1 Billion) 2028 January Bond (Embedded with Put Option to Allow to Sell Bond to Issuer at Pre-Agreed Price), 40% Principal to be Paid in 2026 January (30/1/26) “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
China 2nd Largest Property Developer $7.9 Billion China Vanke with $50 Billion Debt Seeks 90-Day Grace Period for $287 Million (CNY 2 Billion) Bond Repayment (Due 15/12/25) after Previously Receiving Approval for 30-Day Grace Period Instead of 5-Day Grace Period
13th January – China 2nd largest property developer China Vanke ($7.9 billion market value) with $50 billion debt is seeking 90-day grace period for $287 million (CNY 2 billion) bond repayment (Due 15/12/25) after previously receiving approval for 30-day grace period instead of 5-day grace period. In 2026 January, China Vanke was reported to be instructed by authorities to create a debt restructuring plan, in case of default. In 2026 January, China Vanke bondholders may face 89.9% losses (equivalent to 10.1% recovery rate) in base-case scenario projection by UK Barclays Bank & 99.1% losses (equivalent to 0.9% recovery rate) in worst-case scenario projection. In 2025 December, China Vanke bondholders approved a 2nd maturing bond ($528 million / CNY 3.7 billion, due 28/12/25) to 30-day grace period extension from 5-day grace period. In 2025 December, China Vanke bondholders approved (90.7% vote) 30-day grace period extension for $283 million (CNY 2 billion) bonds but rejected the 1-year extension (Only 21.7% vote). In 2025 December, China Vanke is proposing to pay bonds interest after bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds. In 2025 December, China Vanke bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds & enters into 5-day payment grace period, with China Vanke to seek bondholders approval for 30 business days grace period. In 2025 December, China Vanke proposed a 1-year extension for $2.8 billion (CNY 20 billion) of bonds with guarantees from major shareholder China state-owned Shenzhen Metro Group or acceptable collaterals, which will require 90% of bondholders approval. In 2025 December, China Vanke was seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $8 Billion China Vanke with $50 Billion Debt Instructed by Authorities to Create Debt Restructuring Plan in Case of Default
10th January – China 2nd largest property developer China Vanke ($8 billion market value) with $50 billion debt has been reported to be instructed by authorities to create a debt restructuring plan, in case of default. In 2026 January, China Vanke bondholders may face 89.9% losses (equivalent to 10.1% recovery rate) in base-case scenario projection by UK Barclays Bank & 99.1% losses (equivalent to 0.9% recovery rate) in worst-case scenario projection. In 2025 December, China Vanke bondholders approved a 2nd maturing bond ($528 million / CNY 3.7 billion, due 28/12/25) to 30-day grace period extension from 5-day grace period. In 2025 December, China Vanke bondholders approved (90.7% vote) 30-day grace period extension for $283 million (CNY 2 billion) bonds but rejected the 1-year extension (Only 21.7% vote). In 2025 December, China Vanke is proposing to pay bonds interest after bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds. In 2025 December, China Vanke bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds & enters into 5-day payment grace period, with China Vanke to seek bondholders approval for 30 business days grace period. In 2025 December, China Vanke proposed a 1-year extension for $2.8 billion (CNY 20 billion) of bonds with guarantees from major shareholder China state-owned Shenzhen Metro Group or acceptable collaterals, which will require 90% of bondholders approval. In 2025 December, China Vanke was seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $8 Billion China Vanke Offshore Bondholders Face 89.9% Losses (Equivalent to 10.1% Recovery Rate) in Base-Case Scenario Projection by UK Barclays Bank & 99.1% Losses (Equivalent to 0.9% Recovery Rate) in Worst-Case Scenario Projection
9th January – China 2nd largest property developer China Vanke ($8 billion market value) bondholders may face 89.9% losses (equivalent to 10.1% recovery rate) in base-case scenario projection by UK Barclays Bank & 99.1% losses (equivalent to 0.9% recovery rate) in worst-case scenario projection. In 2025 December, China Vanke bondholders approved a 2nd maturing bond ($528 million / CNY 3.7 billion, due 28/12/25) to 30-day grace period extension from 5-day grace period. In 2025 December, China Vanke bondholders approved (90.7% vote) 30-day grace period extension for $283 million (CNY 2 billion) bonds but rejected the 1-year extension (Only 21.7% vote). In 2025 December, China Vanke is proposing to pay bonds interest after bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds. In 2025 December, China Vanke bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds & enters into 5-day payment grace period, with China Vanke to seek bondholders approval for 30 business days grace period. In 2025 December, China Vanke proposed a 1-year extension for $2.8 billion (CNY 20 billion) of bonds with guarantees from major shareholder China state-owned Shenzhen Metro Group or acceptable collaterals, which will require 90% of bondholders approval. In 2025 December, China Vanke was seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $7.5 Billion China Vanke Bondholders Approves 2nd Maturing Bond ($528 Million / CNY 3.7 Billion, Due 28/12/25) to 30-Day Grace Period Extension from from 5-Day Grace Period
27th December – China 2nd largest property developer China Vanke ($7.5 billion market value) bondholders have approved a 2nd maturing bond ($528 million / CNY 3.7 billion, due 28/12/25) to 30-day grace period extension from 5-day grace period. In 2025 December, China Vanke bondholders approved (90.7% vote) 30-day grace period extension for $283 million (CNY 2 billion) bonds but rejected the 1-year extension (Only 21.7% vote). In 2025 December, China Vanke is proposing to pay bonds interest after bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds. In 2025 December, China Vanke bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds & enters into 5-day payment grace period, with China Vanke to seek bondholders approval for 30 business days grace period. In 2025 December, China Vanke proposed a 1-year extension for $2.8 billion (CNY 20 billion) of bonds with guarantees from major shareholder China state-owned Shenzhen Metro Group or acceptable collaterals, which will require 90% of bondholders approval. In 2025 December, China Vanke was seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $7.8 Billion China Vanke Bondholders Approves (90.7% Vote) 30-Day Grace Period Extension for $283 Million (CNY 2 Billion) Bonds But Rejects 1-Year Extension (Only 21.7% Vote)
23rd December – China 2nd largest property developer China Vanke ($7.8 billion market value) bondholders have approved (90.7% vote) 30-day grace period extension for $283 million (CNY 2 billion) bonds but rejected the 1-year extension (Only 21.7% vote). In 2025 December, China Vanke is proposing to pay bonds interest after bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds. In 2025 December, China Vanke bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds & enters into 5-day payment grace period, with China Vanke to seek bondholders approval for 30 business days grace period. In 2025 December, China Vanke proposed a 1-year extension for $2.8 billion (CNY 20 billion) of bonds with guarantees from major shareholder China state-owned Shenzhen Metro Group or acceptable collaterals, which will require 90% of bondholders approval. In 2025 December, China Vanke was seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $7.9 Billion China Vanke Proposed to Pay Bonds Interest after Bondholders Rejected Proposed 1-Year Extension for $283 Million (CNY 2 Billion) of Maturing Bonds & Enters into 5-Day Payment Grace Period, Will Seek Bondholders Approval for 30 Business Days Grace Period
18th December – China 2nd largest property developer China Vanke is proposing to pay bonds interest after bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds. In 2025 December, China Vanke bondholders rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds & enters into 5-day payment grace period, with China Vanke to seek bondholders approval for 30 business days grace period. In 2025 December, China Vanke proposed a 1-year extension for $2.8 billion (CNY 20 billion) of bonds with guarantees from major shareholder China state-owned Shenzhen Metro Group or acceptable collaterals, which will require 90% of bondholders approval. In 2025 December, China Vanke was seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $7.9 Billion China Vanke Bondholders Rejects Proposed 1-Year Extension for $283 Million (CNY 2 Billion) of Maturing Bonds & Enters into 5-Day Payment Grace Period, Will Seek Bondholders Approval for 30 Business Days Grace Period
14th December – China 2nd largest property developer China Vanke ($7.9 billion market value) bondholders have rejected the proposed 1-year extension for $283 million (CNY 2 billion) of maturing bonds & enters into 5-day payment grace period, with China Vanke to seek bondholders approval for 30 business days grace period. In 2025 December, China Vanke proposed a 1-year extension for $2.8 billion (CNY 20 billion) of bonds with guarantees from major shareholder China state-owned Shenzhen Metro Group or acceptable collaterals, which will require 90% of bondholders approval. In 2025 December, China Vanke was seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $7.8 Billion China Vanke Proposes 1-Year Extension for $2.8 Billion (CNY 20 Billion) of Bonds with Guarantees from Major Shareholder China State-Owned Shenzhen Metro Group or Acceptable Collaterals Which Will Require 90% of Bondholders Approval
9th December – China 2nd largest property developer China Vanke ($7.8 billion market value) is proposing a 1-year extension for $2.8 billion (CNY 20 billion) of bonds with guarantees from major shareholder China state-owned Shenzhen Metro Group or acceptable collaterals, which will require 90% of bondholders approval. In 2025 December, China Vanke was seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $7.8 Billion China Vanke Seeks Bondholders Approval to Delay 2nd Bond $520 Million (CNY 3.7 Billion) Payment Maturing in 2028 December after Seeking Bondholders Approval to Delay $282 Million (CNY 2 Billion) Bond Repayment by 1 Year (Due 15/12/25)
6th December – China 2nd largest property developer China Vanke ($7.8 billion market value) is seeking bondholders approval to delay a 2nd bond $520 million (CNY 3.7 billion) payment maturing in 2028, after seeking bondholders approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). In 2025 December, China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $8.4 Billion China Vanke Seeks Bondholder Approval to Delay $282 Million (CNY 2 Billion) Bond Repayment by 1 Year (Due 15/12/25), Current Market Value at $8.4 Billion, Share Price -13.7% Last 5 Days, -26.8% YTD, -40% Last 12 Months & +82.6% Last 5 Years
2nd December – China 2nd largest property developer China Vanke ($8.4 billion market value) is seeking bondholder approval to delay $282 million (CNY 2 billion) bond repayment by 1 year (due 15/12/25). China Vanke current market value at $8.4 billion, share price -13.7% last 5 days, -26.8% YTD, -40% last 12 months & +82.6% last 5 years. In 2025 November, China Vanke was seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $8.5 Billion China Vanke Seeks Bondholder Approval to Delay $280 Million Bond Repayment (Due 15/12/25), Current Market Value at $8.5 Billion, Share Price -11.3% Last 5 Days, -24.3% YTD, +37.4% Last 12 Months & +82.9% Last 5 Years
29th November – China 2nd largest property developer China Vanke ($8.5 billion market value) is seeking bondholder approval to delay $280 million bond repayment (due 15/12/25). China Vanke current market value at $8.5 billion, with share price -11.3% last 5 days, -24.3% YTD, +37.4% last 12 months & +82.9% last 5 years. In 2025 November, China Vanke clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $9.4 Billion China Vanke Clarifies $30 Billion (CNY 213.8 Billion) Loans Require Collaterals But Had Received Loans in Advance to Solve Funding Issues, $30 Billion Loans Requiring Collaterals Provided by Largest Shareholder China State-Owned Enterprise Shenzhen Metro
23rd November – China 2nd largest property developer China Vanke ($9.4 billion market value) has clarified $30 billion (CNY 213.8 billion) of loans require collaterals but had received the loans in advance to solve funding issues. The $30 billion loans requiring collaterals are provided by China Vanke largest shareholder China state-owned Shenzhen Metro Group. In 2025 November, China Vanke ($9.6 billion market value) reported $2.3 billion losses for 2025 Q3, and received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $9.6 Billion China Vanke Reports $2.3 Billion Losses for 2025 Q3, Receives $309 Million (CNY 2.2 Billion) Loan from Largest Shareholder China State-Owned Enterprise Shenzhen Metro to Repay Maturing Bond
8th November – China 2nd largest property developer China Vanke ($9.6 billion market value) has reported $2.3 billion losses for 2025 Q3, and has received $309 million (CNY 2.2 billion) loan from largest shareholder China state-owned Shenzhen Metro Group. In 2025 October, China Vanke ex-CEO Zhu Jiusheng was placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke ex-CEO Zhu Jiusheng Placed under Criminal Measures Having Been Detained by China Public Securities Authorities Earlier in 2025
26th October – China 2nd largest property developer China Vanke ($10 billion market value) ex-CEO Zhu Jiusheng has been placed under criminal measures, having been reported to have been detained by China public securities authorities earlier in 2025. In 2025 October, China Vanke newly appointed Chairman in 2025 January Xin Jie resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Newly Appointed Chairman in 2025 January Xin Jie Resigned as Chairman for Personal Reasons in 2025 September, Majority Shareholder China State-Owned Shenzhen Metro Group General Manager Huang Liping Appointed as Chairman, Current Market Value at $10 Billion, Share Price -11.1% YTD, -31.2% Last 12 Months & -77.3% Last 5 Years
19th October – China 2nd largest property developer China Vanke ($10 billion market value) newly appointed Chairman in 2025 January Xin Jie has resigned as Chairman for personal reasons in 2025 September, with majority shareholder China state-owned Shenzhen Metro Group General Manager Huang Liping appointed as China Vanke Chairman. China Vanke current market value at $10 billion, with share price -11.1% YTD, -31.2% last 12 months & -77.3% last 5 years. In 2025 August, China 2nd largest property developer China Vanke received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Receives 8th Loan from Largest Shareholder China State-Owned Enterprise Shenzhen Metro in 2025 with $233 Million (CNY 1.7 Billion) 3-Year Loan at 2.34% Interest Rate to be Used to Repay Bonds in Open Market, Expects $1.4 Billion to $1.7 Billion Net Loss for 2025 1st Half
6th August – China 2nd largest property developer China Vanke has received a 8th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $233 million (CNY1.7 billion) 3-year loan at 2.34% interest rate. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke was reported to be extending some bank loans to 10-year duration. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke to Extend Bank Loans to 10-Year Duration, Expects $1.4 Billion to $1.7 Billion Net Loss for 2025 1st Half, Received 6 Loans from Largest Shareholder China State-Owned Enterprise Shenzhen Metro in 2025
17th July – China 2nd largest property developer China Vanke ($10 billion market value) has been reported to be extending some bank loans to 10-year duration. In 2025 July, China Vanke is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. Earlier in 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Expects $1.4 Billion to $1.7 Billion Net Loss for 2025 1st Half, Received 6 Loans from Largest Shareholder China State-Owned Enterprise Shenzhen Metro in 2025
16th July – China 2nd largest property developer China Vanke ($10 billion market value) is expecting to report $1.4 billion to $1.7 billion net loss for 2025 1st half, and had received 6 loans from largest shareholder China state-owned enterprise Shenzhen Metro in 2025. In 2025 July, China Vanke received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Receives 6th Loan from Largest Shareholder China State-Owned Enterprise Shenzhen Metro in 2025 with $872 Million (CNY 6.25 Billion) 3-Year Loan at 2.34% Interest Rate to be Used to Repay Bonds in Open Market
6th July – China 2nd largest property developer China Vanke ($10 billion market value) has received a 6th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $872 million (CNY 6.25 billion) 3-year loan at 2.34% interest rate. In 2025 June, China Vanke sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Sells All 73 Million of China Vanke A-Shares for $66.8 Million to Comply with Regulatory Selling Requirement Within 36 Months, Bought Shares in 2022 for $180 Million to Support Share Price & Incurred $113.2 Million Loss
14th June – China 2nd largest property developer China Vanke ($10 billion market value) has sold all 73 million of China Vanke A-shares for $66.8 million to comply with regulatory selling requirement within 36 months, having bought the shares in 2022 for $180 million to support the share price and incurring around $113.2 million loss after selling the shares. Earlier in 2025 June, China Vanke sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Sells 22 Million of China Vanke A-Shares via Block Trade for $20 Million (CNY 146 Million)
13th June – China 2nd largest property developer China Vanke ($10 billion market value) has sold 22 million of China Vanke A-shares via block trade for $20 million (CNY 146 million). In 2025 June, China Vanke received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Receives 5th Loan from Largest Shareholder China State-Owned Enterprise Shenzhen Metro in 2025 with $417 Million (CNY 3 Billion) 3-Year Loan at 2.34% Interest Rate
10th June – China 2nd largest property developer China Vanke ($10 billion market value) has received a 5th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $417 million (CNY 3 billion) 3-year loan at 2.34% interest rate. In 2025 May, China Vanke received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Receives 4th Loan from Largest Shareholder China State-Owned Enterprise Shenzhen Metro in 2025 with $221 Million (CNY 1.6 Billion) 3-Year Loan, Received $1.6 Billion (CNY 11.9 Billion) Loans from Shenzhen Metro in 2025
15th May 2025 – China 2nd largest property developer China Vanke ($10.8 billion market value) has received a 4th loan from largest shareholder China state-owned enterprise Shenzhen Metro in 2025, with a $221 million (CNY 1.6 billion) 3-year loan. In 2025, China Vanke had received $1.6 billion (CNY 11.9 billion) loans from Shenzhen Metro. In 2025 April, China Vanke reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $11 Billion China Vanke Reports $6.8 Billion Loss for 2024 Which is First Full-Year Loss Since 1991, Share Price -20.8% in Last 12 Months & -73.4% in Last 5 Years
1st April 2025 – China 2nd largest property developer China Vanke ($11 billion market value) has reported $6.8 billion loss for 2024 which is the first full-year loss since 1991, with share price -20.8% in last 12 months & -73.4% in last 5 years. In 2025 February, China Vanke received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $11 Billion China Vanke Receives $578 Million 3-Year Loan at 2.34% Interest Rate Per Year from Major Shareholder & China State-Owned Enterprise Shenzhen Metro, Vanke Required to Provide $827 Million Collateral (70% Loan-to-Collateral) Within 3 Months with Loan Temporarily Secured by 3 Vanke Subsidiaries
22nd February 2025 – China 2nd largest property developer China Vanke ($11 billion market value) has received $578 million (CNY 4.2 billion) in 3-year loan at 2.34% interest rate per year from major shareholder & China state-owned enterprise Shenzhen Metro. Vanke is required to provide $827 million (CNY 6 billion) of collateral (70% loan-to-collateral) within 3 months, with the loan temporarily secured by 3 Vanke subsidiaries. In 2025 February, is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $11 Billion China Vanke to Raise $192 Million via New Pre-REIT Fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in Joint Venture with Partners Including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management, Pre-REIT Fund Wanxin Jinshi Will Buy Vanke Indirect Subsidiary Xiamen Jiade Hongshi Real Estate
20th February 2025 – China 2nd largest property developer China Vanke ($11 billion market value) is raising $192 million via a new pre-REIT fund (Wanxin Jinshi Xiamen Housing Rental Equity Investment Partnership) in joint venture with partners including New China Life Insurance, Dajia Life Insurance & Citic GoldStone Fund Management. The pre-REIT fund Wanxin Jinshi will buy Vanke indirect subsidiary Xiamen Jiade Hongshi Real Estate. In 2025 February, China authorities have been reported to be planning a $6.8 billion funding for China Vanke to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. Earlier in 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China Authorities Planning $6.8 Billion Funding for China 2nd Largest Property Developer $11 Billion China Vanke to Repay Debts with $2.7 Billion Allocated to Buy Unsold Vanke Properties & Land
13th February 2025 – China authorities have been reported to be planning a $6.8 billion funding for China 2nd largest property developer China Vanke ($11 billion market value) to repay debts, with $2.7 billion allocated to buy unsold Vanke properties & land. In 2025 February, China Vanke received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $11 Billion China Vanke Receives $383 Million Secured Loan from Major Shareholder & China State-Owned Enterprise Shenzhen Metro, Loan Pledged with 18.3% of Vanke Hong Kong-Listed Property Services Onewo as Collateral
12th February 2025 – China 2nd largest property developer China Vanke ($11 billion market value) has received $383 million secured loan from major shareholder & China state-owned enterprise Shenzhen Metro, with the loan pledged with 18.3% of Vanke Hong Kong-listed property services Onewo as collateral. In 2025 January, China Vanke is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $11 Billion China Vanke to Report $6.2 Billion Losses (CNY 45 Billion) for 2024, Chairman Yu Liang & CEO Zhu Jiusheng Resign, Key Shareholder Shenzhen Metro Chairman Xin Jie Appointed as Vanke Chairman, Shenzhen Metro is a China State-Owned Enterprise
30th January 2025 – China 2nd largest property developer China Vanke ($11 billion market value) is expected to report $6.2 billion losses (CNY 45 billion) for 2024, and Chairman Yu Liang & CEO Zhu Jiusheng have both resigned. Key shareholder Shenzhen Metro Chairman Xin Jie has been appointed as Vanke Chairman. Shenzhen Metro is a China state-owned enterprise. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Also in 2025 January, China Vanke bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Bonds Downgraded by Credit Rating Agency Fitch Ratings, Downgraded Vanke Long-Term Foreign & Local Currency Issuer Default Ratings (IDRs) from B+ to B- and Downgraded Vanke Real Estate (Hong Kong) Long-Term Issuer Default Ratings (IDRs) from B to CCC+
21st January 2025 – China 2nd largest property developer China Vanke ($10 billion market value) bonds have been downgraded by credit rating agency Fitch Ratings, downgrading Vanke long-term foreign & local currency Issuer Default Ratings (IDRs) from B+ to B- and downgrading Vanke Real Estate (Hong Kong) long-term Issuer Default Ratings (IDRs) from B to CCC+. In 2025 January, China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke CEO Zhu Jiusheng Detained by China Public Securities Authorities with Shenzhen Task Force Appointed to Oversee China Vanke, Announced in 2024 March to Stop Paying Dividends & to Reduce $13.8 Billion Of $45 Billion Interest-bearing Debt Over The Next 2 Years
19th January 2025 – China 2nd largest property developer China Vanke ($10 billion market value) CEO Zhu Jiusheng has been reported to be detained by the China public securities authorities with a Shenzhen task force appointed to oversee China Vanke. Earlier in 2025 January, China Vanke has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer $10 Billion China Vanke Commits to Repay Maturing Bonds after Bond Prices Decreased on Debt Repayment Ability with $1.3 Billion Principal & Interest Payment Due Over Next 3 Months, Announced in 2024 March to Stop Paying Dividends & to Reduce $13.8 Billion Of $45 Billion Interest-bearing Debt Over The Next 2 Years
14th January 2025 – China 2nd largest property developer China Vanke (14/1/25: $10 billion market value) has committed to repay maturing bonds after China Vanke bond prices decreased on debt repayment ability, with $1.3 billion principal & interest payment due over the next 3 months. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 September, China Vanke has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke Received $1.6 Billion Loan Syndicated by China Ping An Bank & Bank of Communications, Announced in 2024 March to Stop Paying Dividends & to Reduce $13.8 Billion Of $45 Billion Interest-bearing Debt Over The Next 2 Years, Current Market Value at $10 Billion
6th September 2024 – China 2nd largest property developer China Vanke (6/9/24: $10 billion market value) has received $1.6 billion loan syndicated by China Ping An Bank & Bank of Communications. In 2024 August, China Vanke is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke had announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke Expects to Report $981 Million Of Losses for 2024 1st Half in First Semi-annual Loss Since Listing on Shenzhen Stock Exchange 31 Years Ago in 1993, Announced in 2024 March to Stop Paying Dividends & to Reduce $13.8 Billion Of $45 Billion Interest-bearing Debt Over The Next 2 Years, Current Market Value at $10 Billion
22nd August 2024 – China 2nd largest property developer China Vanke (22/8/24: $10 billion market value) is expecting to report $981 million of losses for 2024 1st half in first semi-annual loss since being listed on Shenzhen Stock Exchange 31 years ago in 1993. In 2024 July, China Vanke was expected to report $960 million to $1.2 billion of losses for 2024 1st half. China Vanke subsidiary Shenzhen SCPG had also sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke had announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke Subsidiary Shenzhen SCPG Sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC Subsidiary Reco Yiyuan, China Vanke Subsidary Owns 2% & Reco Yiyuan Owns 98%
11th July 2024 – China 2nd largest property developer China Vanke (10/7/24: $10.1 billion market value) subsidiary Shenzhen SCPG had sold 48% of Shanghai Nanxiang InCity Mega Mall to Singapore GIC subsidiary Reco Yiyuan in 2024 June, with the China Vanke subsidary owning the remaining 2% & Singapore GIC subsidiary Reco Yiyuan owning 98%. Earlier in July 2024, 1,862 China Vanke key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke had announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke 1,862 Key Managers Announced Plan to Buy $27.5 Million (CNY 200 Million) of China Vanke Shares in Next 6 Months, China Vanke to Report $960 Million to $1.2 Billion of Losses for 2024 1st Half, Current Market Value at $10.1 Billion, Announced in 2024 March to Stop Paying Dividends & to Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years
11th July 2024 – China 2nd largest property developer China Vanke (10/7/24: $10.1 billion market value) 1,862 key managers announced plan to buy $27.5 million (CNY 200 million) of China Vanke shares in the next 6 months. China Vanke had announced earlier to expect to report $960 million to $1.2 billion of losses for 2024 1st half. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke had announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke to Report $960 Million to $1.2 Billion of Losses for 2024 1st Half, Current Market Value at $10.1 Billion, Announced in 2024 March to Stop Paying Dividends & to Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years
10th July 2024 – China 2nd largest property developer China Vanke (10/7/24: $10.1 billion market value) is expecting to report $960 million to $1.2 billion of losses for 2024 1st half. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In 2024 June, China Shenzhen-based online P2P (peer-to-peer) financing company Penging had missed the payment deadline for China Vanke equity-linked investments with China Vanke real estate projects as underlying assets (Returns range from 5% to 6.5%). Penging is partially-owned by China Vanke, which is China 2nd largest property developer. In 2024 June, China Vanke (20/6/24: $11.4 billion market value) announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke had announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke to Receive 2 Loans Totalling $564 Million from Postal Savings Bank of China, Tranche 1 is $220 Million 3-Year Loan Pledged by Xuzhou Project, Tranche 2 is $344 Million 3-Year Loan Pledged by Xi’an Project, Announced in 2024 March to Stop Paying Dividends & to Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years
20th June 2024 – China 2nd largest property developer China Vanke (20/6/24: $11.4 billion market value) has announced to receive 2 loans totalling $564 million (CNY 4.1 billion) from the Postal Savings Bank of China. Tranche 1 is a $220 million (CNY 1.6 billion) 3-year loan pledged by Xuzhou project, and Tranche 2 is a $344 million (CNY 2.1 billion) 3-year loan pledged by Xi’an project. In March 2024, China Vanke announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In June 2024, China Vanke announced to repay a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke had announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke to Repay $600 Million 5-Year 4.2% Coupon Bond Maturing on 7th June 2024, in Talks with Major Banks for $6.9 Billion of Loans, Received $2.76 Billion Syndicated Loans Led by China Merchants Bank, Current Market Value of $12.4 Billion, Stopped Paying Dividends & to Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years
7th June 2024 – China 2nd largest property developer China Vanke (7/6/24: $12.4 billion market value) is repaying a $600 million 5-year 4.2% coupon bond maturing on 7th June 2024 (today). In 2024 May, China Vanke had been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke in Talks with Major Banks for $6.9 Billion of Loans, Received $2.76 Billion Syndicated Loans Led by China Merchants Bank, Current Market Value of $14.5 Billion, Stopped Paying Dividends & to Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years
30th May 2024 – China 2nd largest property developer China Vanke (30/5/24: $13.1 billion market value) has been reported to be in talks with major banks for $6.9 billion of loans. In May 2024, China Vanke received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke Receives $2.76 Billion Syndicated Loans Led by China Merchants Bank, Current Market Value of $14.5 Billion, Stopped Paying Dividends & to Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years
24th May 2024 – China 2nd largest property developer China Vanke (24/5/24: $14.5 billion market value) has received a total of $2.76 billion (CNY 20 billion) in syndicated loans led by China Merchants Bank, with $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke Receives $1.2 Billion Loans from 4 China Banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China, China Vanke to Stop Paying Dividends & Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years
17th May 2024 – China 2nd largest property developer China Vanke has received $1.2 billion of loans from 4 China banks – Bank of China, Agricultural Bank of China, Bank of Beijing & Postal Savings Bank of China. Earlier in May 2024, China Vanke (10/5/24: $10.9 billion market value) is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke to Auction $304 Million Shenzhen Office Building Land Between 18th to 27th May to Raise Cash from Non-Core Business Assets, Started Preparing $18 Billion of Assets to be Used as Collateral for New Bank Loans, China Vanke to Stop Paying Dividends & Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years, Current Market Value at $10.9 Billion
10th May 2024 – China 2nd largest property developer China Vanke (10/5/24: $10.9 billion market value) is auctioning a $304 million Shenzhen office building land between 18th to 27th May 2024 to raise cash from non-core business assets. In 2024 April, China Vanke started preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke Prepares $18 Billion of Assets to be Used as Collateral for New Bank Loans, China Vanke to Stop Paying Dividends & Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years, Current Market Value at $10.4 Billion
20th April 2024 – China 2nd largest property developer China Vanke (19/4/24: $10.4 billion market value) is preparing $18 billion of assets to be used as collateral for new bank loans. In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. Earlier in April 2024, China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke Jinan Branch General Manager Xiao Jin in Shandong Province Detained by Police for Investigation, China Vanke Current Market Value at $12 Billion
12th April 2024 – China 2nd largest property developer China Vanke Jinan branch General Manager Xiao Jin in Shandong province had been detained by China police for investigation. Earlier in April 2024, China Vanke has announced to be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
China 2nd Largest Property Developer China Vanke to Take Legal Action Against Business Partner Shenzhen-Based Yantai Bairun Real Estate for Publishing a Defamatory Open Letter to China Tax Authority of China Vanke Engaging in Tax Evasion, Misusing Funds, Money Laundering & Operating a Loan Business, China Vanke Current Market Value at $12 Billion
6th April 2024 – China 2nd largest property developer China Vanke will be taking legal action against business partner Shenzhen-Based Yantai Bairun Real Estate for publishing a defamatory open letter to China tax authority (State Taxation Administration) of China Vanke engaging in tax evasion, misusing funds, money laundering & operating a loan business. China Vanke current market value is at $12 billion (5/4/24). In March 2024, China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion. China Vanke current market value is at $15.3 billion (14/3/24), with share price decreasing -4.3% YTD, -38% over the last 12 months, and -65% over the last 5 years.
China 2nd Largest Property Developer China Vanke to Stop Paying Dividends & Reduce $13.8 billion of $45 Billion Interest-Bearing Debt Over Next 2 Years
30th March 2024 – China 2nd largest property developer China Vanke has announced to stop paying dividends and to reduce $13.8 billion of $45 billion interest-bearing debt over the next 2 years. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion. China Vanke current market value is at $15.3 billion (14/3/24), with share price decreasing -4.3% YTD, -38% over the last 12 months, and -65% over the last 5 years.
China 2nd Largest Property Developer China Vanke Received $194 Million 14-Year Loan from Industrial Bank to Repay Existing Debts, $630 Million Bond Due on 11th March 2024, Credit Rating Downgraded to Junk Status Ba1 Below Investment-Grade Rating by Moody’s Indicating Substantial Credit Risk, China Reported to Ask Banks to Support China Vanke with Financing
23rd March 2024 – China 2nd largest property developer China Vanke has received $194 million 14-year loan from Industrial Bank to repay existing debts, with $630 million bond due on 11th March 2024. In March 2024, China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion. China Vanke current market value is at $15.3 billion (14/3/24), with share price decreasing -4.3% YTD, -38% over the last 12 months, and -65% over the last 5 years. More info below:
China 2nd Largest Property Developer China Vanke Credit Rating Downgraded to Junk Status Ba1 Below Investment-Grade Rating by Moody’s Indicating Substantial Credit Risk, China Reported to Ask Banks to Support China Vanke with Financing, $630 Million Bond Due on 11th March 2024, $15.3 Billion Market Value with Share Price Decreasing -4.3% YTD, -38% Last 12 Months, -65% Last 5 Years
14th March 2024 – China 2nd largest property developer China Vanke credit rating had been downgraded to junk status (Ba1) below investment-grade rating by Moody’s, indicating substantial credit risk. China had been reported to have asked banks to support China Vanke with financing. China property giant China Vanke $630 million bond was due on 11th March 2024. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion. China Vanke current market value is at $15.3 billion (14/3/24), with share price decreasing -4.3% YTD, -38% over the last 12 months, and -65% over the last 5 years. More info below:
China Property Giant China Vanke $630 Million Bond Due on 11th March 2024, Faces Doubt from Creditors of Repayment Ability, Sold Remaining 50% of Shanghai Retail Complex Qibao Vanke Plaza to Hong Kong-Listed Link Reit for $334 Million in February 2024
10th March 2024 – China property giant China Vanke $630 million bond is due on 11th March 2024, facing doubt from creditors on China Vanke repayment ability. In February 2024, China Vanke had sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion. More info below:
China Property Giant China Vanke Sells Remaining 50% of Shanghai Retail Complex Qibao Vanke Plaza to Hong Kong-Listed Link Reit for $334 Million, Link Reit is Asia Largest Real Estate Investment Trust & Acquired 50% of Qibao Vanke Plaza from Singapore GIC in 2021
10th February 2024 – China property giant China Vanke has sold the remaining 50% of Shanghai retail complex Qibao Vanke Plaza to Hong Kong-listed Link Reit for $334 million (CNY 2.38 billion). Link Reit is Asia’s Largest Real Estate Investment Trust (REIT), and had acquired 50% of Qibao Vanke Plaza from Singapore GIC in April 2021 for CNY 2.77 billion.
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
