China’s Vanke Fails to Secure Bondholder Approval for Debt Extension

A construction worker wearing an orange hard hat and light-colored clothing walks on a sidewalk in front of a large, temporary construction hoarding. The hoarding is mostly white with the large, prominent red text "vanke" written across it, and a blue panel with Chinese characters is visible on the left. The background shows parts of a tall building under construction

A regulatory filing showed that China Vanke, one of the country’s largest property developers, failed to obtain bondholder approval to extend the repayment of a bond due on Monday by one year, heightening default risks and renewing concerns over China’s … Continue reading China’s Vanke Fails to Secure Bondholder Approval for Debt Extension

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