The property developer Vanke has been allowed to defer the repayment of a ¥1.1 billion bond coming due shortly. Credit analysts believe that, like other financially strained Chinese property developers, Vanke is pursuing a broader debt restructuring.
By Leonardo Pape
As early as 2010, the longtime CEO of the struggling real-estate giant Vanke warned of major challenges facing the industry. But even he was unable to prevent the company’s slide into heavy debt. Now, in the midst of a fight for survival, Yu Liang is stepping down.
By Jörn Petring
Vanke is struggling under a heavy debt load. Upcoming bond maturities are now putting the company under intense pressure. The fate of the group is widely seen as a bellwether for the trajectory of China’s property crisis.
By Jörn Petring
Chinese property developer Vanke is fueling fresh concerns about the country’s crisis-hit real estate sector. A potential default could trigger renewed turbulence in financial markets.
By Marcel Grzanna
Beijing provides billions for local state-owned companies to buy up properties and convert them into social housing. But very few are really happy with the plan.
By Jörn Petring
Evergrande subsidiary Hengda Real Estate is accused of fraudulently issuing bonds and providing false information to the markets. That is why China's authorities have now imposed a heavy fine on the subsidiary and Evergrande founder Hui Ka Yan.
By Redaktion Table
Premier Li Qiang made it clear at the start of the People's Congress: Beijing will not launch a comprehensive economic stimulus package despite loud calls. China does not want to increase its debts any further. Subsidies will flow selectively, especially into new technologies.
By Jörn Petring
Our editorial team's assessments and predictions for the new year: 2024 could set an important course for China's relationship with the West. Internally, the country needs to restructure its economic policy and the treatment of its youth.
By
Rating agency Moody’s considers the debt in China too high and the growth too low. While the evaluation does not affect the state's financing capability, it does impact perceptions abroad.
By
The dream of owning a home has become a problematic issue for China's economy. However, the financial system is not expected to become unstable as it possesses sufficient reserves. The government can offer assistance by bringing real estate developers under state control.
By Experts Table.Briefings
