Vanke’s Bond Vote Failure Rekindles Fears of a New Phase in China’s Property Crisis

China Vanke’s failure to secure bondholder approval to delay a looming bond payment has sharpened concerns that even state-backed developers are no longer insulated from the country’s deepening property slump, raising the risk of a high-profile default that could further damage investor confidence in the sector. A filing, reported by Reuters, showed that Vanke did […] The post Vanke’s Bond Vote Failure Rekindles Fears of a New Phase in China’s Property Crisis appeared first on Tekedia.

Vanke’s Bond Vote Failure Rekindles Fears of a New Phase in China’s Property Crisis

China Vanke’s failure to secure bondholder approval to delay a looming bond payment has sharpened concerns that even state-backed developers are no longer insulated from the country’s deepening property slump, raising the risk of a high-profile default that could further damage investor confidence in the sector. A filing, reported by Reuters, showed that Vanke did […]

The post Vanke’s Bond Vote Failure Rekindles Fears of a New Phase in China’s Property Crisis appeared first on Tekedia.

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