Reported about 6 hours ago
Chinese authorities are considering a funding proposal of about 50 billion yuan ($6.8 billion) to aid China Vanke Co. in addressing its significant funding gap this year. The plan includes allocating 20 billion yuan in special local government bonds to assist Vanke with repaying both public and private debts while allowing access to additional financing sources. This move reflects the government's commitment to prevent Vanke from encountering the same financial difficulties faced by other developers, amid a continuing housing crisis in China.
Source: YAHOO