{"id":169375,"date":"2026-01-13T07:30:10","date_gmt":"2026-01-13T00:30:10","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expect-no-systemic-shock-from-chinese-developer-vankes-technical-default-hsbc\/"},"modified":"2026-01-13T09:23:33","modified_gmt":"2026-01-13T02:23:33","slug":"expect-no-systemic-shock-from-chinese-developer-vankes-technical-default-hsbc","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/expect-no-systemic-shock-from-chinese-developer-vankes-technical-default-hsbc\/","title":{"rendered":"Expect no \u2018systemic shock\u2019 from Chinese developer Vanke\u2019s \u2018technical default\u2019: HSBC"},"content":{"rendered":"


\nDistressed Chinese property developer Vanke\u2019s potential debt restructuring constitutes a one-off, technical default, and was not likely to result in contagion effects, according to an HSBC report.
\nThe leading mainland developer before it got caught up in the property crisis, Vanke has not yet registered a material default on its domestic bonds. However, two of its key medium-term notes have entered grace periods, and S&P downgraded the company\u2019s long-term issuer credit rating from \u201cCCC-\u201d to \u201cSD\u201d…
\n
\nSource : South China Morning Post
\nRead more…Expect no \u2018systemic shock\u2019 from Chinese developer Vanke\u2019s \u2018technical default\u2019: HSBC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Distressed Chinese property developer Vanke\u2019s potential debt restructuring constitutes a one-off, technical default, and was...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-169375","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-I3R","jetpack-related-posts":[{"id":167333,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vankes-bondholders-reject-extension-plan-on-2-billion-yuan-of-bonds-raising-default-risk\/","url_meta":{"origin":169375,"position":0},"title":"Vanke\u2019s bondholders reject extension plan on 2 billion yuan of bonds, raising default risk","date":"December 14, 2025","format":false,"excerpt":"\r China Vanke failed to secure bondholder approval to extend by one year a bond payment due on Monday, a filing showed, increasing the risk of default for the developer and renewing concerns about the crisis-hit property sector. The setback for state-backed Vanke, one of China\u2019s highest-profile developers with projects\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140196,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vankes-biggest-shareholders-pledge-to-fully-support-the-company-sends-its-shares-bonds-rallying\/","url_meta":{"origin":169375,"position":1},"title":"China Vanke\u2019s biggest shareholder\u2019s pledge to fully support the company sends its shares, bonds rallying","date":"November 7, 2023","format":false,"excerpt":"\r China Vanke, China\u2019s second largest property developer by sales, said it will make timely repayments of its debts after a Chinese authority, which is also its largest shareholder, vowed support to \u201crevitalise the bulk assets and promote the liquidity\u201d of the company.\r \r Source : South China Morning Post\r\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148824,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-developer-vankes-shares-drop-amid-reports-of-ceo-detention-by-police\/","url_meta":{"origin":169375,"position":2},"title":"China developer Vanke\u2019s shares drop amid reports of CEO detention by police","date":"January 17, 2025","format":false,"excerpt":"\r The beleaguered state-backed developer, which has US$4.9 billion in debt coming due this year, lost more than 8 per cent overnight.\r \r Source : South China Morning Post\r Read more...China developer Vanke\u2019s shares drop amid reports of CEO detention by police","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96373,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-property-firm-vankes-first-half-profit-rises-25-per-cent-as-faster-construction-lifts-sales\/","url_meta":{"origin":169375,"position":3},"title":"Chinese property firm Vanke\u2019s first-half profit rises 25 per cent as faster construction lifts sales","date":"August 20, 2018","format":false,"excerpt":"\r China Vanke, the country\u2019s second-largest property developer by sales, posted a 25 per cent rise in first-half profit on Monday, as a faster construction speed helped it sell more homes. Net profit climbed to 9.1 billion yuan (US$1.3 billion) for the first six months of this year, while revenue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149271,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vankes-management-reshuffle-signals-bailout-for-troubled-developer-analysts-say\/","url_meta":{"origin":169375,"position":4},"title":"China Vanke\u2019s management reshuffle signals bailout for troubled developer, analysts say","date":"January 28, 2025","format":false,"excerpt":"\r Support for Vanke could see banks extend loans, reduce discounts on asset sales and boost homebuyers\u2019 confidence, CGS\u2019 Raymond Cheng says.\r \r Source : South China Morning Post\r Read more...China Vanke\u2019s management reshuffle signals bailout for troubled developer, analysts say","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vankes-management-prevails-after-year-long-takeover-tussle-as-second-and-third-largest-shareholders-offload-shares\/","url_meta":{"origin":169375,"position":5},"title":"Vanke\u2019s management prevails after year-long takeover tussle, as second and third largest shareholders offload shares","date":"January 13, 2017","format":false,"excerpt":"\r China Vanke\u2019s senior management and state-backed Shenzhen Metro Group are set to become the eventual winners of the year-long tussle for control of China\u2019s second largest property developer, according to analysts. The ending of the country\u2019s highest-ever profile corporate battle has become much clearer after China Evergrande Group, Vanke\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/169375"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=169375"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/169375\/revisions"}],"predecessor-version":[{"id":169376,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/169375\/revisions\/169376"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=169375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=169375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=169375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}