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S&P Downgrades China Vanke to B- on Weakening Liquidity
2024 full year housing sales data review: downward trend continues, awaiting further stimulus policies.
Jingu Financial News | Recently, the National Bureau of Statistics released the investment and sales data for commercial housing in 2024 from January to December, providing the official data perspective on the real estate industry's performance for the entire year of 2024. The sales area and amount of commercial housing in 2024 decreased by 12.9% and 17.1% year-on-year, respectively, with the year-on-year decline expanding by 4.4 percentage points and 10.6 percentage points compared to 2023, indicating that the industry trend remains downward. In the low prosperity of 2024, investment, construction starts, completions, and construction related to real estate continue to follow the downward trend of the previous year. From the demand perspective, the persistent weakening of macro demand and the second...
China Vanke Co.,Ltd. reached its daily limit increase, and several Bonds have risen sharply for consecutive days.
Multiple bonds from Vanke have continued to rise sharply, with "0.22 million Ke 05" increasing over 30%, triggering a second trading halt during the session. "0.22 million Ke 07", "0.2 million Ke 08", and "0.21 million Ke 02" have all risen over 20%, triggering a trading halt during the session.
Express News | Fitch - Downgrade Reflects Deterioration in Vanke's Sales and Cash Generation
Express News | Fitch - Downgraded China Vanke Long-Term Foreign- and Local-Currency Issuer Default Ratings to 'b-'
Express News | China Vanke's Oct 2027 Yuan Bond up 26% to 79.99 Yuan Versus 100 Par Value, Triggering Trading Suspension
