Representative Image BENGALURU: Ratings agency Fitch on Wednesday downgraded ratings for Chinese property company China Vanke, citing liquidity concerns amidst an ailing property sector in the world's ...

Investing.com -- Fitch Ratings has downgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of Chinese homebuilder China Vanke Co., Ltd. to ’CCC+’, from ’B’.

China Vanke’s first-quarter loss widened, underscoring the property developer’s challenges even after the government in its hometown of Shenzhen stepped in to take control of operations.

Vanke, a major Chinese property developer, reported a substantial $6.8 billion loss in 2024 due to falling sales and shrinking profit margins. The company attributed the loss to overexpansion and ...

As one of the primary developers in China focusing on middle-range to high-end properties, China Vanke experienced a more than-20% revenue CAGR from 2014-19 as the market boomed. Property ...

By Clare Jim HONG KONG (Reuters) -Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion net loss for 2024, as ...

HONG KONG, Jan 27 (Reuters) - Property developer China Vanke (000002.SZ), opens new tab said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion ...

Simply sign up to the Chinese business & finance myFT Digest -- delivered directly to your inbox. Leading Chinese property developer Vanke has forecast a $6.2bn annual loss and announced the ...

China Vanke, one of the country’s largest developers, cleared out its top executives and said it anticipates a $6.2 billion loss, a sign the property meltdown is still raging. By Alexandra ...

With the crisis in the sector entering its fifth year, concerns about the financial health of China Vanke pose fresh challenges for the authorities, who have so far avoided the moral hazard of ...

With the crisis in the sector entering its fifth year, concerns about the financial health of China Vanke (000002.SZ), opens new tab pose fresh challenges for the authorities, who have so far ...

Officials of Shenzhen, the southern metropolis where Vanke is based, held a closed-door meeting to discuss Vanke on Friday, said the people, asking not to be identified discussing a private matter.