China property giant Vanke expects to lose Rmb45bn in 2024
The CEO and chairman have stepped down as the company looks to solve "temporary liquidity difficulties", in part through the support of its largest shareholder, the state-owned Shenzhen Metro Group.
China Vanke's top executives resign from property developer
Top executives at China Vanke Co., a leading property developer, have announced their resignations, according to a filing with the Hong Kong stock exchange on Monday.
China Vanke issues profit warning, CEO resigns
Property developer China Vanke on Monday said its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid concerns over the company's liquidity as
Rare China support shows developer Vanke may be too big to fail
China Vanke Co has received a lifeline by state authorities, a rare show of support that signals the developer is too big to fail even as dozens of property firms default amid China’s punishing housing slump.
China Vanke flags record loss as chairman, CEO resign amid woes
China Vanke Co’s chairman and chief executive officer will both resign in an abrupt move after the embattled developer warned of a record 45 billion yuan ($8.34 billion) loss for 2024.
Vanke Flags Record Loss as Top Executives Resign Amid Woes
China Vanke Co.’s chairman and chief executive officer are both stepping down in an abrupt move after the embattled developer warned of a record 45 billion yuan ($6.2 billion) loss for 2024.
Developer China Vanke forecasts record US$6.2 billion loss amid management reshuffle
New chairman’s state-linked background sends positive signals, but company’s fate still depends on a sales recovery, an analyst says.
Even China’s Property Stalwart Isn’t Immune From the Crisis
Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step ...
DeepSeek’s Rise: How a Chinese Start-Up Went From Stock Trader to A.I. Star
The little-known artificial intelligence firm has emphasized research, even as it emerged as the brainchild of a hedge fund.
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Yum China Announces Disclosure under Hong Kong Stock Exchange Rules in Relation to a Possible Quarterly Dividend
"Yum China" or the "Company") today announced, in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "HKEX") which require advance ...
Stock Market Today: Nvidia Stock Sinks in AI Rout Sparked by China's DeepSeek
After China's DeepSeek prompts AI rethink, Nvidia stock slides. Follow along for live updates on stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Tech Drags Global Shares Lower on China's AI Push; Dollar Dips
In currencies, the dollar jumped 0.3% against the Chinese yuan in offshore trading, and rallied 0.4% versus the Aussie and ...
Hong Kong stocks rise after AI sell-off fueled by China's DeepSeek drags Wall Street lower
The technology-dominated index slipped 3.07% to finish at 19,341.83. The S&P 500 shed 1.46% and closed at 6,012.28. The Dow ...
Hong Kong developer New World claims ‘business as usual’ amid default rumours
Residential sales in Hong Kong continue to improve, and mainland China sales are on track, embattled company says Embattled Hong Kong developer New World Development (NWD) said Thursday night that it ...
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Hong Kong unveils 10 most significant govt policies in 2024
HONG KONG -- The historic legislation for Basic Law Article 23, aimed at safeguarding national security and ensuring Hong Kong's stability and development, has topped a list of the ten most ...