Chinese regulators request support for Vanke's liquidity amid property sector concerns.
Chinese regulators have reportedly asked large banks to increase their financial support for state-backed property developer China Vanke, while also asking private debt holders to discuss maturity extension. This move comes in response to investors selling shares and bonds of Vanke over concerns about liquidity. China Vanke's financial health has been under scrutiny due to a string of defaults by developers in China's property sector since 2021.
March 11, 2024
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