BANKRUPT · Warning ListChina
China · Homes and property
China Vanke
One of China's biggest homebuilders now pays its bonds with loans from its state-owned shareholder, and stretches the rest a year at a time.
75/100WarningBANKRUPT MeterSeveral serious signs at once.
1Where it stands
Nothing filed yet.
China Vanke has not filed. Its largest shareholder, Shenzhen Metro, has lent it money five times this year to meet its bond payments.
2The signals
What the sources say.
- Fifth loan this year from Shenzhen Metro, 519m yuan, to meet bond payments · caixinglobal.com
- Extended every public bond due in 2026 by a year · caixinglobal.com
Every line links to its source. The Meter and the verdict are Max Noble’s analysis.
Next
The full case is coming.
The 5-minute story on China Vanke is not written yet. Subscribe free to the Morning Warning List and it reaches you the day it is.