China Vanke

New Business

Hong Kong mortgage loans surge to 9-month high as new homebuyers seek more financing

Approved mortgage loans in Hong Kong rose to a nine-month high in February as buyers of new flats sought additional…

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No respite in sight for top Chinese developers as profits continue to slump

Major Chinese developers like China Overseas Land & Investment and Country Garden Holdings continue to report disappointing earnings, as the…

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New Business

China Vanke’s Hong Kong unit sees strong sales in Tai Po project despite mortgage concerns

China Vanke sold nearly all of the more than 200 units on offer at its Le Mont project on the…

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New Business

Some Hong Kong banks refuse mortgages for China Vanke’s Le Mont project in Tai Po

Standard Chartered, one of the city’s three currency-issuing banks, and Chong Hing Bank were not accepting mortgage requests from potential…

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China property crisis: Hong Kong court orders Evergrande and HNA units to liquidate

A key offshore financing unit of China Evergrande Group was ordered to wind up on Monday, while a court hearing…

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Mainland developer Greentown to issue US$350 million bond to refinance debt

State-backed developer Greentown China said it would issue a US$350 million bond to help refinance its existing borrowings, the first…

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China Vanke secures US$383 million lifeline from Shenzhen Metro Group to repay debt

Indebted mainland developer China Vanke has secured a funding guarantee from its main state-backed shareholder to repay loans, indicating further…

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New Business

China Vanke’s management reshuffle signals bailout for troubled developer, analysts say

The Shenzhen government is likely to bail out China Vanke, allowing the troubled mainland Chinese developer to overcome its liquidity…

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New Business

Vanke’s No. 1 investor installs chairman in ailing developer to guide its way out of debt

Embattled builder China Vanke, once the second-largest Chinese developer by sales, reshuffled its management while forecasting a record US$6.2 billion…

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New Business

Embattled Chinese developer Vanke suffers Fitch Ratings bond downgrade

Fitch Ratings downgraded some of developer China Vanke’s bonds deeper into junk territory, adding to the list of challenges that…

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