Indebted Chinese property giant Vanke warned Monday of a major loss last year amid a continuing market slump, while also saying its CEO was resigning due to "health reasons". Vanke has not confirmed Zhu's detention but said in a statement on Monday that he "has applied to

China Vanke Co. has been thrown a lifeline by state authorities, a rare show of support that signals the developer may be too big to fail even after dozens of property firms defaulted amid China’s punishing housing slump.

Troubles at Vanke raise questions about the continued spread of the property crisis and whether the Chinese state will step in.

Embattled builder China Vanke, once the second-largest Chinese developer by sales, reshuffled its management while forecasting a record US$6.2 billion net loss for 2024 as it struggles to get out from under US$4.

Real estate developer says it expects $6.2bn annual loss and announces sudden resignation of chair and chief executive

as Beijing in the recent past has been ramping up efforts to bolster homebuyer confidence, JPMorgan said in a research note on Jan. 16. A "clear government bailout" of Vanke would probably be the ...

China's property sector is in turmoil as China Vanke's CEO, Zhu Jiusheng, has been detained. This has sparked fears of a government takeover, sending the company's shares plummeting. The incident is part of wider concerns about debt in China's real estate market,

Zhu Jiusheng, CEO of Vanke, was "taken away by public security authorities", the Economic Observer reported, citing sources.

Concerns over China Vanke Co. spiked amid questions on the latest status of its top executive and a local news report that the property developer may be seized by state authorities.Most Read from BloombergThese Homes Withstood the LA Fires.

Vanke has been in the spotlight since the start of the year ... The firm was once seen as too big to fail. But Beijing has yet to signal its stance toward the property giant as the property crisis enters its fifth year after sparking record defaults.

New shades of capitalism are emerging in China's tuckered out stock market as companies, at Beijing's behest, buy back their shares and pay record dividends to investors lying in wait for a so-far evasive rebound.

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.