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Investing.com-- Shares of China Vanke (HK:2202) slid in Hong Kong on Wednesday as tumbling bond values reignited investor jitters over the company’s debt and broader real-estate risks.
Several of Vanke’s yuan-denominated bonds plunged more than 20% in early trading -- triggering suspensions of five exchange-listed bonds -- amid renewed skepticism over whether the firm will secure sufficient support to meet looming debt obligations.
Hong Kong-listed shares of the company fell as much as 5.6% to HK$3.91 as of 06:55 GMT.
Weak housing demand and cash-flow strains continue to cast a shadow over the company’s recovery prospects.
The sell-off underscores broader concern that, even among state-backed developers, liquidity pressures and uncertain property-market fundamentals could dampen investor confidence unless more robust policy support materialises.
