Vanke Shares Set for Record Quarterly Drop as Debt Angst Builds
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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’s Property Crisis:China Vanke Co. shares are headed for their sharpest quarterly drop on record as worries over the developer’s financial health intensify amid talks with creditors to extend payment on its 2 billion yuan ($284 million) bond.The firm’s Hong Kong-listed shares have tumbled more than 35% since the end of September, making it one of the worst performers on the MSCI Asia Pacific Index. Its losses are more than double the drop on a gauge of Chinese real estate firms.