Many of China’s other large developers have already defaulted, and a Vanke collapse would raise questions about how policymakers plan to address the real-estate slump as it drags on into a sixth year in 2026 ... .
15, and bondholders rejected an earlier proposal by Vanke to delay repayments. The extended grace period to 30 trading days would mean Vanke now has until the end of Jan ... Vanke’s proposals required at least a 90 percent approval rate to pass.
On Wednesday (December 17), Fitch downgraded troubled homebuilder ChinaVanke Co to “C” status from “CCC-” at a moment of maximum suspense for the last survivor of a years-long property crisis ... Yet there may still be a reluctance to let Vanke fail.