Chen Bo

2 weeks ago | caixinglobal.com | Chen Bo |Han Wei

Explore the story in 3 minutesThe land auction market in Chengdu, the capital of Sichuan province, has recently experienced a dramatic revival, marked by a series of record-breaking sales. In March, China Merchants Property Development Co. acquired a residential plot in Chengdu’s High-Tech Zone for 31,700 yuan ($4,346) per square meter—an unprecedented 70% premium over the starting price.

1 month ago | caixinglobal.com | Chen Bo |Denise Jia

Explore the story in 3 minutes[para. 1] China Vanke Co. Ltd., once a leading real estate company in China, reported its first-ever annual loss, indicating significant challenges in China's troubled property industry. [para. 2] The company, based in Shenzhen, experienced a dramatic 506.79% decrease in net profits, resulting in a 49.48 billion-yuan loss (approximately $6.82 billion) in 2024.

2 months ago | caixinglobal.com | Chen Bo |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China Vanke Co. Ltd., one of China’s largest real estate developers, has secured a three-year loan of 4.2 billion yuan ($578 million) from its largest shareholder, Shenzhen Metro Group Co. Ltd., to help repay maturing debt amid mounting financial pressure. The loan carries an interest rate of 2.34% and requires Vanke to provide 6 billion yuan in collateral within three months.

Feb 6, 2025 | caixinglobal.com | Chen Bo |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China Vanke Co. Ltd. has revealed in an internal announcement that 10 executives from its state-owned shareholder Shenzhen Metro Group are to assume key positions in the troubled developer’s core departments and regional companies. The move follows a takeover of Vanke’s Shenzhen Hongshuwan project by the shareholder and the replacement of Vanke’s chairman Yu Liang by Shenzhen Metro Chairman Xin Jie last month.

Feb 6, 2025 | caixinglobal.com | Chen Bo |Denise Jia

00:00/00:00 您的浏览器不支持 audio 标签。 Listen to this article 1x China Vanke Co. Ltd. has revealed in an internal announcement that 10 executives from its state-owned shareholder Shenzhen Metro Group are to assume key positions in the troubled developer’s core departments and regional companies.