Vanke to Meet With Insurers, Banks in Shenzhen as Crisis Deepens
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000China Vanke Co., once the nation’s biggest homebuilder and now at the epicenter of the years-long property crisis, is set to meet in Shenzhen with some insurance firms and commercial banks on Wednesday, people familiar with the matter said.The gathering will take place in the afternoon and it’s unclear what Vanke is going to discuss with them, according to the people, who asked not to be identified. Insurers have been among investors who have held private debt in Vanke, which has delayed interest payments on some of those borrowings previously.