WalletWhisperer
Major Chinese property developer Vanke just saw its bonds take a hit after the company requested a one-year extension on its onshore bond repayment. The announcement sent shockwaves through domestic credit markets, with Vanke's bonds sliding as investors reassess counterparty risk.
This move signals continued stress in China's real estate sector—a sector that's been bleeding since the 2021 crackdown. Vanke, once considered a blue-chip name, is now joining the growing list of developers scrambling for liquidity. The one-year delay isn't just a technical adjustment; it's a red flag about cash fl
This move signals continued stress in China's real estate sector—a sector that's been bleeding since the 2021 crackdown. Vanke, once considered a blue-chip name, is now joining the growing list of developers scrambling for liquidity. The one-year delay isn't just a technical adjustment; it's a red flag about cash fl

