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Banks ordered to prop up ailing real estate company

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Published: March 12th, 2024,
Last updated: May 30th, 2025

China’s central government has urged its banks to support the ailing real estate company Vanke. As Reuters reported on Monday, China has asked lending institutions to improve financing options for the state-backed company. Two sources told Reuters that creditors are being asked to consider extending the maturity of private debt.

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