China Vanke Securing Loan Signals Authorities' Commitment to Support -- Market Talk

Dow Jones

Feb 24, 2025

0752 GMT - More support from China Vanke's major shareholder signals Chinese authorities' commitment to keep the company afloat, DBS says in a research note. The troubled Chinese developer said late Friday that key shareholder Shenzhen Metro Group, a state-owned subway operator in one of China's biggest cities, plans to provide a 4.2 billion yuan loan, days after it offered a 2.8 billion yuan loan. DBS thinks the move signals regulators' "proactiveness to act." "More disposals and refinancing will still be required, but the development may be read constructively and lend support to bond and share price performances," they say. DBS estimates Vanke could need around 32 billion yuan to meet its operating cash flow needs and bond obligations, assuming it can maintain average presales at 4Q levels. Vanke's H-shares are last at HK$6.12. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

February 24, 2025 02:52 ET (07:52 GMT)

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The troubled Chinese developer said late Friday that key shareholder Shenzhen Metro Group, a state-owned subway operator in one of China's biggest cities, plans to provide a 4.2 billion yuan loan, days after it offered a 2.8 billion yuan loan. DBS thinks the move signals regulators' \"proactiveness to act.\" \"More disposals and refinancing will still be required, but the development may be read constructively and lend support to bond and share price performances,\" they say. DBS estimates Vanke could need around 32 billion yuan to meet its operating cash flow needs and bond obligations, assuming it can maintain average presales at 4Q levels. Vanke's H-shares are last at HK$6.12. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 02:52 ET (07:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Vanke Securing Loan Signals Authorities' Commitment to Support -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Vanke Securing Loan Signals Authorities' Commitment to Support -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-24 15:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0752 GMT - More support from China Vanke's major shareholder signals Chinese authorities' commitment to keep the company afloat, DBS says in a research note. The troubled Chinese developer said late Friday that key shareholder Shenzhen Metro Group, a state-owned subway operator in one of China's biggest cities, plans to provide a 4.2 billion yuan loan, days after it offered a 2.8 billion yuan loan. DBS thinks the move signals regulators' \"proactiveness to act.\" \"More disposals and refinancing will still be required, but the development may be read constructively and lend support to bond and share price performances,\" they say. DBS estimates Vanke could need around 32 billion yuan to meet its operating cash flow needs and bond obligations, assuming it can maintain average presales at 4Q levels. Vanke's H-shares are last at HK$6.12. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 24, 2025 02:52 ET (07:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BVYPNP33.GBP","symbol_name":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513871132","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513871132","pubTimestamp":1740383520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0752 GMT - More support from China Vanke's major shareholder signals Chinese authorities' commitment to keep the company afloat, DBS says in a research note. The troubled Chinese developer said late Friday that key shareholder Shenzhen Metro Group, a state-owned subway operator in one of China's biggest cities, plans to provide a 4.2 billion yuan loan, days after it offered a 2.8 billion yuan loan. DBS thinks the move signals regulators' \"proactiveness to act.\" \"More disposals and refinancing will still be required, but the development may be read constructively and lend support to bond and share price performances,\" they say. DBS estimates Vanke could need around 32 billion yuan to meet its operating cash flow needs and bond obligations, assuming it can maintain average presales at 4Q levels. Vanke's H-shares are last at HK$6.12. 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The troubled Chinese developer said late Friday that key shareholder Shenzhen Metro Group, a state-owned subway operator in one of China's biggest cities, plans to provide a 4.2 billion yuan loan, days after it offered a 2.8 billion yuan loan. DBS thinks the move signals regulators' \"proactiveness to act.\" \"More disposals and refinancing will still be required, but the development may be read constructively and lend support to bond and share price performances,\" they say. DBS estimates Vanke could need around 32 billion yuan to meet its operating cash flow needs and bond obligations, assuming it can maintain average presales at 4Q levels. Vanke's H-shares are last at HK$6.12. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2025 02:52 ET (07:52 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}