Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling sales and shrinking profit margins despite Beijing's attempts to revive ...

HONG KONG/BEIJING, March 5 (Reuters) - Struggling property developer China Vanke said on Tuesday it has funding in place to repay $630 million in dollar notes due on March 11, amid more selling ...

Vanke, whose interest-bearing debt stood at 331.3 billion yuan ($45.21 billion) as of the end of last June, is still trying to sell stakes in logistics platform GLP, property management unit Onewo ...

Beijing's intervention in Vanke underscores just how important the massive property firm is to China's economy. Last year, it sold 375.5 billion Chinese yuan , or $52.2 billion, worth of real estate.

Vanke’s contracted sales declined 10% in 2023 to 376.12 billion yuan ($52.4 billion). In January 2024, its sales dropped by 32%. Investors have been dumping Vanke’s shares in the past few months.

China Vanke, the country’s third largest residential developer last year, ... Beijing has announced a flurry of stimulus measures to bolster the real estate sector in recent days, ...

BEIJING – China Vanke posted another massive loss in the third quarter, underscoring the pressure on the property developer as it tries to pay off debt amid the country’s prolonged housing slump.

By Engen Tham, Ziyi Tang and Clare Jim. SHANGHAI/BEIJING/HONG KONG, March 19 (Reuters) - A rare Beijing directive to help Vanke beat a liquidity crisis has left lenders scrabbling for the assets ...

China Vanke Co. is facing deepening pressure as several major insurers seek to protect their privately issued debt on concerns over potential liquidity stress at the nation’s second-largest ...

BEIJING – China Vanke, the nation’s second-largest real estate developer by sales, arrested an earnings slump by posting 22.6 billion yuan (S$4.4 billion) in annual profit, ...

Beijing has been struggling to restore confidence in the country’s ailing real estate industry and appears to be working flat out to prevent China Vanke going the way of Evergrande and Country ...