China Business Uncovered Podcast: Inside Vanke and China’s Property Reckoning
Apr.24.2026
Caixin reporter Chen Bo joins host Han Wei to unpack the teetering real estate developer’s liquidity crisis, its off-balance-sheet funding network, and what its troubles reveal about China’s property slump
For years, China Vanke Co. Ltd. was seen as one of the best-run developers in China’s real estate sector. So when liquidity pressure began to build around the company, it jolted the market. Most recently, Vanke won creditor approval to extend repayment on a 2 billion yuan onshore bond, buying itself more time.
In this episode of China Business Uncovered, host Han Wei speaks with Caixin senior reporter Chen Bo about her investigative reporting on Vanke’s crisis — from mounting debt pressure and state-backed rescue efforts to the complex off-balance-sheet funding network that grew around former president Zhu Jiusheng during the boom years.
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