Vanke Crisis

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Vanke Crisis

The Land and Sea International Center project, known as the ''tallest building'' in Chongqing and developed by Vanke, is being seen in Chongqing, China, on May 12, 2024. Vanke is currently applying as a borrower to the Postal Savings Bank of China Co., Ltd. Shenzhen Luohu District branch for bank loans totaling 1.3 billion yuan with a term of 3 years. With this guarantee, Vanke's total external guarantee is reaching 29.882 billion yuan, which represents 11.92% of the company's audited net assets attributable to shareholders of listed companies as of the end of 2023. (Photo by Costfoto/NurPhoto)


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