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

People skate on a frozen lake at Chaoyang Park in Beijing, with residential buildings in the background. Photo: AP

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

13 Jan 2026 - 8:30AM

China property

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

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

New construction rises in a residential area in Hangzhou, in eastern China’s Zhejiang province, on January 5, 2026. Photo: CFOTO/Future Publishing via Getty Images

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

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 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

Tourists take photos under the Christmas decorations outside the Ocean Terminal in Tsim Sha Tsui. Photo: Jelly Tse

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

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

Vanke said it had completed 19 bulk asset transactions in the first three quarters of this year totalling 6.86 billion yuan. Photo: Reuters

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

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

A security guard gestures in front of Vanke’s headquarters in Shenzhen. Vanke has proposed delaying repayment on a yuan-denominated bond for the first time, causing the prices of some its dollar-denominated bonds to fall into distressed territory. Photo: Reuters

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

The downgrade reflected Vanke’s “unsustainable” financial commitments, according to S&P ratings agency. Photo: Shutterstock

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

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

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

Kone supplied escalators for the South Island line in Hong Kong. Photo: Dickson Lee

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

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

Potential buyers at the sales office of Uni Residence at AIA Kowloon Tower in Kwun Tong. Photo: Edmond So

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

China property

Debt-laden China Vanke gets US$215 million loan from state-owned stakeholder

Loan comes as developer faces US$3.4 billion in debt obligations this year.

15 May 2025 - 4:27PM

China property

Vanke’s quarterly loss deepens to US$860 million despite state support

The loss stemmed mainly from declines in home settlements and gross margins, Vanke said.

30 Apr 2025 - 10:58AMvideocam

Vanke has 26.3 billion yuan of onshore and offshore bonds maturing this year. Photo: AFP

Hong Kong stock market

AIA, Xiaomi lift Hang Seng Index, offsetting losses due to poor China PMI data

China’s April PMI falls to 49 from 50.5 in March and short of the consensus estimate of 49.7.

30 Apr 2025 - 5:07PM

Hong Kong shares fell on Wednesday after China reported poor manufacturing data for April. Photo: Jelly Tse

China property

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

China Overseas Land & Investment’s profit sank 40 per cent to 15.6 billion yuan, while Country Garden trimmed its loss to 32.8 billion yuan.

31 Mar 2025 - 8:38PMvideocam

Hong Kong property

Hong Kong property demand sees some improvement after stamp duty cuts

The market’s long-term recovery depends on interest rate trends, as homebuyers remain cautious amid the US-China trade war, experts say.

23 Mar 2025 - 11:30AM

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China Vanke

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

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

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.

.css-1m2rp1p{color:#34b8b5;}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.

Debt-laden China Vanke gets US$215 million loan from state-owned stakeholder

Loan comes as developer faces US$3.4 billion in debt obligations this year.

Vanke’s quarterly loss deepens to US$860 million despite state support

The loss stemmed mainly from declines in home settlements and gross margins, Vanke said.

AIA, Xiaomi lift Hang Seng Index, offsetting losses due to poor China PMI data

China’s April PMI falls to 49 from 50.5 in March and short of the consensus estimate of 49.7.

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

China Overseas Land & Investment’s profit sank 40 per cent to 15.6 billion yuan, while Country Garden trimmed its loss to 32.8 billion yuan.

Hong Kong property demand sees some improvement after stamp duty cuts

The market’s long-term recovery depends on interest rate trends, as homebuyers remain cautious amid the US-China trade war, experts say.

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

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