TOPIC

/ company

China Vanke

Vanke is a real estate developer in China.

Chairman / President

Yu Liang

CEO / Managing Director

Zhu Jiusheng

CFO / Finance Director

HAN Huihua

Industry

Property

Website

vanke.com

Headquarters address

Shenzhen, Guangdong, China

Stock Code

SEHK:2202
SZSE:000002

Year founded

1984

A signboard of China Zheshang Bank is seen at its branch in Beijing on March 14, 2016. Regulators have now tightened oversight of the bank. Photo: Reuters

Banking & finance

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Beijing continues to impose stricter regulatory standards on major lenders, shielding the financial system from mounting strains.

15 Feb 2026 - 10:08PM

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Index compiler MSCI tilts towards Chinese tech stocks in latest revamp

12 Feb 2026 - 7:30AM

Banking & finance

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11 Feb 2026 - 7:05AM

China property

Opinion | China’s real estate rethink can help end developers’ debt addiction

The future of Chinese property looks to be smaller and more rational, with a market defined by real estate’s worth rather than volume.

4 Feb 2026 - 4:30PMvideocam

A woman walks near residential buildings in Beijing, China, on January 19. Photo: EPA

China property

‘Bleak start’ to 2026 for China’s property sector as sales declines accelerate

China’s top developers slumped in January, with weak demand and fading policy support raising fresh concerns over debt repayment capacity.

2 Feb 2026 - 2:30PM

China property

Mainland China’s home prices extend slide, deepening property downturn

New home prices fall again in December, with declines across most cities, as second-hand values plunge year on year.

19 Jan 2026 - 3:33PM

China property

Expect no ‘systemic shock’ from Vanke’s ‘technical default’: HSBC

Even an ‘aggressive’ haircut would pose limited downside risks to key developers, bank says.

13 Jan 2026 - 8:30AM

A security guard stands near a development by Vanke in Beijing on December 23, 2025. Photo: Reuters

China property

China Vanke offshore creditors face near wipeout in Barclays worst-case scenario

British bank warns recoveries could fall below 1 per cent as restructuring priorities and access to assets remain uncertain.

8 Jan 2026 - 7:30AM

China property

China’s developers diminish further amid unending property downturn

Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.

6 Jan 2026 - 3:30PM

China property

The View | Will Hong Kong, mainland property see a recovery in 2026? Don’t bet on it

Tech-led resilience is not a cure for all the ills driving the underperformance of mainland Chinese and Hong Kong real estate.

5 Jan 2026 - 4:30PMvideocam

An aerial view shows residential buildings under construction by property developer China Vanke in Hangzhou, in eastern China’s Zhejiang province, on March 15, 2024. Photo: AFP

From our archives

On This Day | ‘No mission impossible’: first Hongkonger to reach North, South Poles – SCMP archive

Twenty years ago on January 5, 2006, 52-year-old Chung Kin-man returned to Hong Kong after becoming the first person from the city to trek to both poles.

5 Jan 2026 - 1:00PM

Hong Kong climber Chung Kin-man poses with the national flag after reaching the South Pole. The adventurer arrived back home on January 5, 2006 after completing the so-called “7+2” challenge – becoming the first Hongkonger and one of the first Chinese people to have reached the north and south poles and the highest peaks on seven continents. Photo: SCMP

Hong Kong stock market

Hong Kong stocks reverse gains as investors take profits before Christmas break

Losses in tech heavyweights like Kuaishou, Tencent and Xiaomi pull Hang Seng Index lower after advancing in the morning session.

23 Dec 2025 - 5:03PM

China property

China Vanke wins bondholders’ reprieve, averts default for now

Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.

23 Dec 2025 - 9:28AMvideocam

China property

Opinion | China’s property market isn’t so much collapsing as being reconfigured

Viewing China’s real estate crisis solely through the lens of market indicators misses the deeper, structural shifts at play.

21 Dec 2025 - 5:30AMvideocam

Residential buildings by Chinese real estate developer Vanke under construction in Hangzhou, in eastern China’s Zhejiang province, on March 15, 2024. Photo: AFP

Hong Kong property

Vanke Hong Kong sells just 7 units in muted Le Mont weekend launch

Brokers said the downbeat result reflected Le Mont’s long sales cycle rather than any spillover from parent China Vanke’s onshore debt talks.

20 Dec 2025 - 5:51PM

Le Mont project of China Vanke at 19 Ma Wo Road in Tai Po. Photo: Handout

China property

China Vanke’s managers have no plans to sell shares as firm fights for survival

Vanke, responding to queries from investors, says top managers have not notified it about their intentions so far.

19 Dec 2025 - 7:15PMvideocam

China property

China Vanke unveils proposal to extend US$366 million bond after 3 failed bids

Bondholders will vote on the revised plan from Thursday to Monday, and it requires over 90 per cent of the total voting rights to take effect.

17 Dec 2025 - 10:50PMvideocam

China property

Vanke’s bondholders reject payment extension, raising default risk

The rejection in a three-day vote that ended late on Friday gives the developer a grace period of five business days to pay 2 billion yuan of onshore bond.

14 Dec 2025 - 5:00PM

The construction site of a residential complex being built by Chinese real estate developer Vanke in Nanjing in eastern China’s Jiangsu province on February 13, 2025. Photo: AFP

China property

The View | Why China Vanke’s debt woes have barely made a ripple in markets

Robust exports, surging stocks and investors looking elsewhere have curbed pressure for more forceful government intervention.

1 Dec 2025 - 4:30PMvideocam

China property

China Vanke hit with fresh S&P downgrade amid mounting default concerns

Once a bellwether for China’s property sector, China Vanke now faces a CCC- rating, negative CreditWatch and a tight refinancing window.

28 Nov 2025 - 6:44PM

China property

Developer China Vanke reports US$2.3 billion loss amid sales slowdown

Persistent property-market weakness ratchets up pressure on the developer despite increased support from its largest state-owned shareholder.

31 Oct 2025 - 9:47AM

A man stands outside the construction site of a residential complex being built by Chinese real estate developer Vanke in Nanjing, in eastern China’s Jiangsu province, on February 13, 2025. Photo: AFP

China property

Embattled Chinese property developer replaces chairman as debt pressures mount

News of a leadership change boosts bonds of China Vanke, which had nearly US$90 billion in liabilities as of September.

13 Oct 2025 - 4:37PM

Xin Jie has resigned as chairman and non-executive director of China Vanke. Photo: Handout

Qianhai

Exclusive | Kone to elevate Greater Bay Area operations from its base in Shenzhen

The southern China headquarters in Qianhai will begin operations in early 2026, while its logistics hub will be up and running in October.

29 Aug 2025 - 3:21PM

China property

China’s home prices slide as support measures fail to budge sentiment

Drop in new home prices across 70 major cities matches the previous month, which was the sharpest decline since October.

15 Aug 2025 - 2:22PM

China property

China’s June new-home prices fall 0.3% as weak sentiment ails market

A price gauge of newly completed homes in 70 major cities fell 0.3 per cent last month from May, faster than the 0.2 per cent decline the previous month.

15 Jul 2025 - 4:12PM

A passenger airliner flies past the clouds near a residential building in Beijing on July 13, 2025. Photo: AP

Hong Kong stock market

Hong Kong stocks surge 1.6% after China’s GDP growth exceeds expectations

The 5.2 per cent GDP growth in the April to June quarter came in above the 5.17 per cent forecast by data provider Wind.

15 Jul 2025 - 4:35PM

Shares in Hong Kong rose for a second day on Tuesday. Photo: Xinhua

Hong Kong property

Tepid sales at Uni Residence as competition heats up in new home market

The project in Tai Wai sold just 60 per cent of flats on offer on the first day of sale, as rival developers compete for buyers’ interest.

31 May 2025 - 6:04PM

Hong Kong property

Hong Kong home builders bring flats to market, seizing on sentiment surge

50 units in New Territories launched at 8.5 per cent below market prices, while New World and partners ready Wong Chuk Hang sale.

19 May 2025 - 6:30PM

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China Vanke

China puts another big bank under stricter watch – why now?

Beijing continues to impose stricter regulatory standards on major lenders, shielding the financial system from mounting strains.

Index compiler MSCI tilts towards Chinese tech stocks in latest revamp

China’s property woes likely to hurt some Hong Kong banks’ 2025 earnings: Citi

.css-1m2rp1p{color:#34b8b5;}Opinion | China’s real estate rethink can help end developers’ debt addiction

The future of Chinese property looks to be smaller and more rational, with a market defined by real estate’s worth rather than volume.

‘Bleak start’ to 2026 for China’s property sector as sales declines accelerate

China’s top developers slumped in January, with weak demand and fading policy support raising fresh concerns over debt repayment capacity.

Mainland China’s home prices extend slide, deepening property downturn

New home prices fall again in December, with declines across most cities, as second-hand values plunge year on year.

Expect no ‘systemic shock’ from Vanke’s ‘technical default’: HSBC

Even an ‘aggressive’ haircut would pose limited downside risks to key developers, bank says.

China Vanke offshore creditors face near wipeout in Barclays worst-case scenario

British bank warns recoveries could fall below 1 per cent as restructuring priorities and access to assets remain uncertain.

China’s developers diminish further amid unending property downturn

Only 10 developers manage to break US$14 billion in 2025 sales, down from 43 in 2020.

The View | Will Hong Kong, mainland property see a recovery in 2026? Don’t bet on it

Tech-led resilience is not a cure for all the ills driving the underperformance of mainland Chinese and Hong Kong real estate.

.css-sioo19{color:#c79a00;}On This Day | ‘No mission impossible’: first Hongkonger to reach North, South Poles – SCMP archive

Twenty years ago on January 5, 2006, 52-year-old Chung Kin-man returned to Hong Kong after becoming the first person from the city to trek to both poles.

Hong Kong stocks reverse gains as investors take profits before Christmas break

Losses in tech heavyweights like Kuaishou, Tencent and Xiaomi pull Hang Seng Index lower after advancing in the morning session.

China Vanke wins bondholders’ reprieve, averts default for now

Holders of the 2 billion yuan note approve extension of grace period to January 28, but deny proposal to defer principal payment for a year.

Opinion | China’s property market isn’t so much collapsing as being reconfigured

Viewing China’s real estate crisis solely through the lens of market indicators misses the deeper, structural shifts at play.

Vanke Hong Kong sells just 7 units in muted Le Mont weekend launch

Brokers said the downbeat result reflected Le Mont’s long sales cycle rather than any spillover from parent China Vanke’s onshore debt talks.

China Vanke’s managers have no plans to sell shares as firm fights for survival

Vanke, responding to queries from investors, says top managers have not notified it about their intentions so far.

China Vanke unveils proposal to extend US$366 million bond after 3 failed bids

Bondholders will vote on the revised plan from Thursday to Monday, and it requires over 90 per cent of the total voting rights to take effect.

Vanke’s bondholders reject payment extension, raising default risk

The rejection in a three-day vote that ended late on Friday gives the developer a grace period of five business days to pay 2 billion yuan of onshore bond.

The View | Why China Vanke’s debt woes have barely made a ripple in markets

Robust exports, surging stocks and investors looking elsewhere have curbed pressure for more forceful government intervention.

China Vanke hit with fresh S&P downgrade amid mounting default concerns

Once a bellwether for China’s property sector, China Vanke now faces a CCC- rating, negative CreditWatch and a tight refinancing window.

Developer China Vanke reports US$2.3 billion loss amid sales slowdown

Persistent property-market weakness ratchets up pressure on the developer despite increased support from its largest state-owned shareholder.

Embattled Chinese property developer replaces chairman as debt pressures mount

News of a leadership change boosts bonds of China Vanke, which had nearly US$90 billion in liabilities as of September.

Exclusive | Kone to elevate Greater Bay Area operations from its base in Shenzhen

The southern China headquarters in Qianhai will begin operations in early 2026, while its logistics hub will be up and running in October.

China’s home prices slide as support measures fail to budge sentiment

Drop in new home prices across 70 major cities matches the previous month, which was the sharpest decline since October.

China’s June new-home prices fall 0.3% as weak sentiment ails market

A price gauge of newly completed homes in 70 major cities fell 0.3 per cent last month from May, faster than the 0.2 per cent decline the previous month.

Hong Kong stocks surge 1.6% after China’s GDP growth exceeds expectations

The 5.2 per cent GDP growth in the April to June quarter came in above the 5.17 per cent forecast by data provider Wind.

Tepid sales at Uni Residence as competition heats up in new home market

The project in Tai Wai sold just 60 per cent of flats on offer on the first day of sale, as rival developers compete for buyers’ interest.

Hong Kong home builders bring flats to market, seizing on sentiment surge

50 units in New Territories launched at 8.5 per cent below market prices, while New World and partners ready Wong Chuk Hang sale.

Opinion | China’s real estate rethink can help end developers’ debt addiction

On This Day | ‘No mission impossible’: first Hongkonger to reach North, South Poles – SCMP archive