Shenzhen government officials say they will support China Vanke after liquidity concerns grow
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https://www.wsj.com/finance/china-vanke-shareholder-shows-confidence-plans-over-1-0-billion-investment-a9f7c9edChina’s housing slump is shaking the foundation of another giant property developer—and the government is trying to prevent the problems from spiraling out of control. China Vanke, one of the oldest and largest real-estate companies in the country, is the latest Chinese developer to fall victim to a market selloff that has made investors worry about its liquidity. Prices of some of Vanke’s U.S. dollar bonds tumbled to distressed levels after rivalCopyright ©2023 Dow Jones & Company, Inc. All Rights Reserved
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