China Vanke's majority shareholder has expressed its support of the property developer, including making a commitment to spend more than $1.0 billion on its projects.
Vanke, like many of its peers, has been hit by declining property sales and weak consumer confidence. Some of China's property companies face a severe liquidity crisis, leading to defaults by developers including debt-laden China Evergrande Group and Sunac China. Vanke also said Shenzhen Metro is actively preparing to purchase the company's bonds in the open market.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: