Debt-laden Chinese property giant Vanke reported annual losses of 49.5 billion yuan ($6.8 billion) on Monday, citing falling ...

China Vanke Co. posted a record 49.5 billion yuan ($6.8 billion) loss last year, underscoring why the developer’s hometown of ...

Once one of the country’s biggest growth drivers, China’s property market has been in a downward spiral for five years with ...

China Vanke swung to a net loss in 2024 and warned of intensifying financial pressure ahead as the developer continues to feel the strain of China's years-long property crisis.

New home transactions at China's 100 largest property developers dropped 11.4% to 317.57 billion yuan from a year earlier, or about $43.76 billion, according to data released by China Real Estate ...

China Overseas Land & Investment’s profit sank 40 per cent to 15.6 billion yuan, while Country Garden trimmed its loss to ...

An inability to tap debt markets has led to defaults on loans and bond payments, and even bankruptcy. China Vanke has been receiving support from major state-owned shareholder Shenzhen Metro.

once a key pillar of the economy but now beset with sprawling debt. Hong Kong-listed Vanke is part-owned by the government of Shenzhen and was China's fourth-largest real estate firm by sales last ...

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 ...