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
The mixed picture in China's economic data reflects the tension of the trade dispute with the US. While home prices have risen slightly, industrial output remains below the critical growth threshold.
By Ning Wang
Expropriated households are to receive transparent compensation through housing coupons and appropriate relocation. The measure is also seen as a recipe against vacancies and is intended to relieve the overheated real estate market. However, many people affected fear losing their homes for good.
By Fabian Peltsch
Ursula von der Leyen has chosen affordable housing as a key issue – and wants to adapt the law on state aid to achieve this. Tenants' associations hope for broader support, but real estate associations warn of distortions.
By Alina Leimbach
China's real estate buyers do not yet trust the market. Sales are declining. Numerous listed companies are forced to withdraw from the stock markets because no one wants to invest anymore.
By Frank Sieren
