Chinese property developers China Vanke and Shimao Group faced significant market turmoil as their shares and bonds experienced massive sell-offs following concerns about debt repayment and sluggish sales. Vanke's onshore bond '22 Vanke 05' rebounded by 25% after rumors of negotiation with New China Asset were denied, while Shimao Group surged nearly 30% in HK after being added to Southbound Trading of Mainland-HK Stock Connect. Major insurers raised alarms over Vanke's debt risks, leading to record lows in shares and bonds.
Shares and bonds of China Vanke Co. Ltd., the country’s second-biggest property developer by sales, hit record lows Monday on renewed concerns that the company may need more breathing space to repay creditors https://t.co/RxVqD3St5q
Chinese insurers sound the alarm over Vanke debt risks https://t.co/NbxPAIFmls via @scmpnews
Some of China’s largest insurers are sounding an alarm over the debt risks of China Vanke, sources say, as shares and bonds of the major developer hit record lows on repayment concerns https://t.co/f6FYiCAyEA
Chinese #property developers' shares tumbled on Mon on sluggish sales in Jan - Feb, market concerns on China Vanke's debt The Wire >> https://t.co/haGgRmRP6L https://t.co/EDOPf9nYdz https://t.co/gVZxGUAUPi
Property developers China #Vanke's shares, bonds saw massive sell-off on Mon after media reports triggered market concerns about its debt The Wire >> https://t.co/haGgRmRP6L https://t.co/hux9rsH3qQ
'21Vanke04', a 3.7% 2026-due onshore bond of China #Vanke, tumbled by 20.5% and triggered a trading halt in the afternoon session. A Vanke 3.5% 2029-due dollar bond drops by 5.3 cents to 39.6 cents, the most decline in a year. https://t.co/wI1DroWnh6
Shares and bonds of China Vanke, the country’s second-biggest property developer by sales, extend a sell off Monday on renewed concerns about the builder’s debt https://t.co/sxwvIOtWGK
⚡Vanke's onshore bond '22 Vanke 05' rebounded by 25% on Monday after New China Asset denied the rumor that Vanke was negotiating with the asset manager for an extension on 10 billion yuan in non-standard debt. Vanke's shares drop around 5% in mainland and HK. https://t.co/eKDEtZga33
Chinese property developer #Shimao Group surged nearly 30% in HK after being added to Southbound Trading of Mainland -HK Stock Connect. The Wire >> https://t.co/haGgRmRP6L https://t.co/asZXQqe1p5