Ratings agency Moody's downgraded China Vanke further on Tuesday and maintained its negative outlook on the embattled ...

"Shenzhen government personnel are now effectively running Vanke," said Xiaoxi Zhang, analyst at Gavekal Dragonomics. The local government is likely aiming to make give a renewed show of support ...

Vanke did not respond to an AFP request for comment following the publication of the article. Two other top executives -- chairman of the board Yu Liang and company secretary Zhu Xu -- had left ...

However, the oversight cannot fully offset Vanke’s weak operations and the lack of a clear refinancing plan for its debt maturities over the next 6-to-12 months, Zhang said. An upgrade to China ...

Vanke said Monday its CEO had resigned "for health ... Two other top executives — chairman of the board Yu Liang and company secretary Zhu Xu — had left their positions “due to work ...

may question whether policymakers will allow other state-owned developers to fail to deliver pre-sold units as well," Zhang wrote. "If Vanke’s financial struggles persist and start to sap ...

Vanke’s dollar and onshore bonds rose Tuesday. Its 3.975% dollar note due 2027 jumped 4.9 cents to 70.5 cents in Hong Kong trading, while onshore, its 3.64% bond due 2027 jumped 14.2% to 81 yuan ...

its financial flexibility has eroded as more assets became encumbered," Moody's analyst Roy Zhang said in a statement. The series of downgrades on China Vanke, which is $45 billion in debt, also ...

Embattled builder China Vanke, once the second-largest Chinese developer by sales, reshuffled its management while forecasting a record US$6.2 billion net loss for 2024 as it struggles to get out ...

Vanke did not respond to an AFP request for comment following the publication of the article. Two other top executives -- chairman of the board Yu Liang and company secretary Zhu Xu -- had left their ...