TOPIC

/ company

China Vanke

Vanke is a real estate developer in China.

Chairman / President

Yu Liang

CEO / Managing Director

Zhu Jiusheng

CFO / Finance Director

HAN Huihua

Industry

Property

Website

vanke.com

Headquarters address

Shenzhen, Guangdong, China

Stock Code

SEHK:2202
SZSE:000002

Year founded

1984

last updated:

30 September, 2024

Scale models of residential buildings are displayed at a property fair in Shenzhen, where second-hand homes sales surged to a three-year high last week. Photo: Reuters

China property

China property: a tale of rising sales and falling prices in top cities

Too early to conclude China’s real estate sector has bottomed out, Nomura’s chief China economist Lu Ting says.

11 Dec 2024 - 4:30PM

China property

China property market faces long recovery road despite debt-plan progress

1 Dec 2024 - 11:00AM

China property

China’s embattled property developers see sales surge in October

9 Nov 2024 - 6:00PM

China property

Major Chinese developers see sales uptick in September bolstered by stimulus

Analysts question sustainability of gains given uncertainty surrounding the government’s plans for future stimulus.

16 Oct 2024 - 9:09AM

People passed a Country Garden development in Foshan, China. Photo: Bloomberg

China property

Struggling Country Garden again seeks to extend bond repayments

The Foshan-based developer said that it plans to postpone for six months the coupon and principal instalment payments on nine notes due this month.

5 Sep 2024 - 2:42PMvideocam

China property

China Vanke reports first interim loss in two decades as home sales plunge

The loss came in 9.4 per cent higher than the top of a range the company defined in a warning last month as home sales plunged nearly 38 per cent.

30 Aug 2024 - 9:00PM

China property

China Resources Land posts lowest first-half profit since 2018 amid slump

China’s property sector has been beset by woes since 2020, when Beijing introduced the “three red lines” policy to restrict developers’ borrowing binge.

28 Aug 2024 - 5:43PMvideocam

CR Land, the 5th-ranked Chinese developer by sales, reported xx billion yuan of home sales for the first half. Photo: Shutterstock

China property

Debt-laden Kaisa warns of wider losses, echoing China’s property crisis

The developer’s weak report card is likely to resemble those of most mainland Chinese developers, which are expected to extend a losing streak dating to 2020.

22 Aug 2024 - 3:40PMvideocam

China Evergrande Group

Evergrande shares to stay suspended as liquidators see no path to restructuring

Without a substantial new investment, the collapsed developer will not be able to resume trading amid its massive debt and other challenges.

10 Aug 2024 - 6:29PMvideocam

China property

Poly Property’s sales slump as Beijing’s rescue package brings mixed results

The Chinese state-backed developer saw sales fall by almost a fifth in May, adding to a mixed picture of the impact of Beijing’s historic measures to rescue its crisis-hit real estate segment.

6 Jun 2024 - 9:47PMvideocam

Local residents look at a model of a Poly project at a showroom in Sanya, Hainan Province. Photo: VCG via Getty Images

China property

Country Garden’s home sales jump as Beijing’s rescue package boosts developers

Country Garden sold more properties in May, becoming the second major Chinese developer to see turnover improve after Beijing launched a historic rescue package to shore up its battered real estate segment.

5 Jun 2024 - 9:35PMvideocam

The Foshan-based company that was once China’s top home builder by sales shifted 4.29 billion yuan (US$592 million) worth of properties last month, an 11.4 per cent monthly increase. Photo: Bloomberg

China property

China Vanke says property sales rose in May, resumes project investments

Debt-laden property developer China Vanke’s contracted sales rose in May in a sign the country’s crisis-hit sector could be recovering.

4 Jun 2024 - 5:44PM

China property

Debt-laden China Vanke sells plot of land once earmarked for HQ at huge loss

China Vanke has sold a plot of land once earmarked for its new headquarters in Shenzhen for 2.24 billion yuan (US$309 million), almost 30 per cent less than it paid in 2017, as the beleaguered property developer strives to pay down its mountain of debt.

28 May 2024 - 1:19PMvideocam

China property

China Vanke gets US$1.1 billion in loans from subsidiaries after downgrade

Troubled property developer receives lifeline a day after Fitch Ratings downgraded its default ratings.

24 May 2024 - 12:39PMvideocam

Residential buildings under construction by Chinese real estate developer Vanke in Hangzhou, in eastern China’s Zhejiang province, pictured on May 9, 2024. Photo: AFP

China property

China’s buying of unsold homes lifts sentiment but is no cure-all: analysts

Developer stocks rose on Thursday after authorities in Hangzhou announced plans to buy unsold homes, but analysts question whether such aid is the best way to rescue the market.

16 May 2024 - 5:15PMvideocam

Residential buildings under construction by Chinese real estate developer Vanke in Hangzhou, in eastern China’s Zhejiang province, on May 9, 2024. Photo: AFP

Banking & finance

Chinese builders Poly, Longfor, CIFI post mixed 2023 results amid buyer caution

Company leaders pledge to marshal resources carefully in 2024 as they strike a cautious tone about any potential recovery.

30 Apr 2024 - 4:37PM

China property

China Vanke seeks to sell stake in Singapore’s GLP in bid to ease debt burden

Vanke has held discussions with parties including state-owned investment company Guangdong Holdings and a Tianjin-based state-owned firm to exit its investment, said people familiar with the matter.

17 Apr 2024 - 7:32PMvideocam

China's economic recovery

IMF flags China’s ‘troubled property sector’ in keeping GDP outlook unchanged

After the release of China’s first-quarter GDP growth, International Monetary Fund says the lack of a ‘comprehensive response’ could lead to less economic growth than Beijing is hoping for this year.

16 Apr 2024 - 9:00PMvideocam

Cows pass uncompleted residential buildings at a stalled real estate project in Liaoning province in February as China contends with a property crisis. Photo: Bloomberg

China property

China’s new home sales slip again as liquidity crisis persists, buyers sidelined

Chinese developers suffered another dismal month in March as new home sales tumbled 46 per cent from a year earlier. It would be premature to expect a turnaround amid an ongoing liquidity crisis.

1 Apr 2024 - 4:30PMvideocam

China property

‘We can get through,’ says China Vanke boss as 2023 profits slump

The embattled property developer posted a 46.4 per cent slump in net profit for 2023, alarming investors just weeks after markets were roiled by rumours of liquidity problems at the firm.

29 Mar 2024 - 12:33PMvideocam

China property

PBOC head says China’s property crisis has abated as default rumours vex Vanke

Pan Gongsheng, governor of the People’s Bank of China, has attempted to dispel concerns over the country’s laggard property market in closed-door talks with executives and financiers.

26 Mar 2024 - 6:00PMvideocam

China Vanke, one of the country’s largest property developers, recently saw its credit rating downgraded, fuelling worries over perpetual woes in the real estate sector. Photo: Reuters

China property

China Vanke gets US$194 million loan from Industrial Bank in temporary relief

A loan for China Vanke, one of China’s largest developers, could provide temporary relief to a sector rocked by defaults and by a court order for the liquidation of China Evergrande Group, the world’s most indebted developer.

20 Mar 2024 - 10:03AM

China property

China Vanke claims junk-level downgrade is manageable as shares and bonds gain

The impact of Monday’s downgrade is ‘controllable’, the second-largest Chinese developer says. Its shares rose more than 10 per cent to HK$6.30 on Tuesday on belief commercial banks will raise up to US$11.1 billion to repay its debts.

12 Mar 2024 - 5:45PM

China property

China Vanke debt cut to ‘junk’ by Moody’s as funding concerns mount

The international ratings agency has stripped state-backed property giant China Vanke of its investment-grade credit rating amid concerns over its liquidity and ability to access funding amid declining sales.

12 Mar 2024 - 12:36AMvideocam

China property

Chinese regulators ask large banks to step up support for Vanke, sources say

The State Council is coordinating efforts related to supporting China Vanke, according to sources. Any debt repayment troubles at Vanke could further dampen market confidence, analysts say.

11 Mar 2024 - 5:16PMvideocam

China property

China Vanke pledges to repay offshore debts due soon amid liquidity concerns

The country’s second-largest developer has assured investors it has the funds in place to repay its outstanding offshore debts coming due soon, as its shares and bonds tumbled amid rumours about liquidity distress.

5 Mar 2024 - 5:35PMvideocam

Shares of Vanke fell in Hong Kong on Tuesday, while the bid price for a bond maturing in June fell 0.60 cents to US$88.82. Photo: Bloomberg

China property

Chinese insurers sound the alarm over Vanke debt risks

Some of China’s largest insurers are sounding the alarm over the debt risks of China Vanke, according to people familiar with the matter, as shares and bonds of the firm hit record lows on repayment concerns.

4 Mar 2024 - 8:25PM

China property

China property sales fall in February, markets expect purchase restriction easing

Property sales in mainland China posted another month of declines in February with demand remaining weak due to uncertainties in income expectations and volatility in the market

1 Mar 2024 - 3:32PM

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