Vanke
Template:Short description Script error: No such module "Unsubst". Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". Script error: No such module "infobox". Vanke (Template:Zh) is a large residential real estate developer in China. It is engaged in developing, managing and selling properties across more than 60 mainland Chinese cities in the Pearl River Delta, Yangtze River Delta and Bohai-Rim Region, with the provision of investment, trading, consultancy services and e-business. It also has expanded into Hong Kong, the United States, the United Kingdom, and Malaysia since 2012. Its largest shareholder is Shenzhen Metro.
It is headquartered in Vanke Center (Script error: No such module "Lang".) in Dameisha, Yantian District, Shenzhen, Guangdong province.[1]
History
Vanke was founded by Wang Shi in 1988. Vanke was listed on the Shenzhen Stock Exchange in 1991, the second listed company in the Shenzhen Stock Exchange after Shenzhen Development Bank. It had the largest market capitalisation in 2006 on the Shenzhen Stock Exchange.
As of 2020, Vanke was ranked 208th in the Fortune Global 500.[2] Fortune reported the company having US$53.253 billion in revenue, US$248.360 billion worth of assets, and 131,505 employees that year.[2]
Vanke was also ranked 96th in the Forbes Global 2000 in 2020.[3]
As of 21 February 2019 its market cap was US$44 billion.
Financial struggle
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Since the beginning of 2025, the company has been dealing with a huge amount of debt due amid a struggling property market. It has around 4.9 billion USD in bonds maturing in 2025, half of its public debt.[5]
Chinese government intervention
China state media the Economic Observer reported that Vanke's CEO Zhu Jiusheng was detained by public security authorities on January 15, 2025.[6][7][8]
Officials in Shenzhen held a closed meeting on January 17, 2025 to discuss Vanke, which is based in the city. The local government has significant control over Vanke due to its largest shareholder being a state firm. The Shenzhen government intended to stabilize Vanke's operations. They planned to introduce new auditors and financial advisers to evaluate Vanke’s finances and property projects for future actions.[9][10]
See also
References
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- ↑ "Contact Us Template:Webarchive." Vanke. Retrieved on November 9, 2018. "Headquarters of Vanke Co., Ltd. Address：Vanke Center, No.33 Huanmei Road, Dameisha, Yantian District, Shenzhen" - Address in Chinese Template:Webarchive: "深圳市盐田区大梅沙环梅路33号万科中心"
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Template:Sister project Template:SZSE 100 Index Template:Hang Seng China 50 Index Template:Real estate companies of China
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- Vanke
- Companies in the CSI 100 Index
- Companies in the FTSE China A50 Index
- Real estate companies of China
- Companies based in Shenzhen
- Shenzhen Metro
- Companies listed on the Hong Kong Stock Exchange
- Companies listed on the Shenzhen Stock Exchange
- Real estate companies established in 1984
- Chinese companies established in 1984
- Chinese brands
- 1984 in Shenzhen