The world’s second-largest economy has yet to find a floor for its slumping property market, as new-home sales resumed their decline and China Vanke Co. reported a record loss.

China Vanke Co. reported a record 49.5 billion yuan ($6.8 billion) loss for last year, underscoring why the developer’s hometown of Shenzhen has stepped in to take control of operations.

There was some optimism that the government’s measures to end the crisis had been working to reinvigorate the market, but on March 31, government-linked developer Vanke reported a record 49.5 ...

Chinese shares closed higher. Investors remain on watch for any further developments in the U.S.-China trade tensions and if ...

February 12, 2025 China considers plan to help Vanke repay $6.8 billion debt, Bloomberg News reports Chinese authorities are considering a plan to assist China Vanke in covering a funding ...

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 ...

Cash-strapped developer China Vanke is putting more of its fringe assets up for sale to stave off a liquidity crisis and pare US$147 billion of liabilities, after a multi-year slump in home sales ...

(Bloomberg) — China Vanke Co. likely saw a record 45 billion yuan ($6.2 billion) net loss in 2024, as the Chinese property sector begins to see signs of recovery. A string of recent profit warnings ...

A rare, high-profile takeover battle is brewing in China, involving China Vanke, one of the country’s best-known companies and the world’s biggest property developer by sales.