Default of property developer so closely linked to government would be blow to economic confidence
Real estate developer says it expects $6.2bn annual loss and announces sudden resignation of chair and chief executive
Nationwide slowdown hit sales and profits halved last year
Homebuyers in China are staying clear of property groups with unfinished projects
State-backed property group is country’s second largest and has been part of Beijing’s efforts to revive growth
Vanke and Midea first to benefit from government support package
Finding enough brave investors to take up the IPO will be a big test
Listing of property management unit to test investor appetite for developer-adjacent exposure
The threat of more bad news for developers this quarter suggests it is too early to move in
Rapid accumulation of mortgage debt raises questions over risk concentration
Glut of shopping centres enables retail brands to negotiate lower rents
Property development has become tougher but land acquisition holds key to growth
Property developer bids 23% over the list price to beat rival offers from eight peers
Wang Shi revelled in maverick status but eventually needed state group’s protection
Vanke chairman’s exit marks de facto nationalisation of largest developer
China developer takes $1bn hit but may also be opening path to prized Shenzhen IPO
