Southern + reports that "the bulls are actively supporting, Vanke's development has ushered in a major turning point, Shenzhen state-owned assets: there is enough 'ammunition' to support Vanke"
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China Vanke Co., Ltd. released 5 announcements regarding annual report forecasts, executive changes, and project transfers, marking a significant turnaround in its liquidity risk. The Shenzhen State-owned Assets Supervision and Administration Commission stated that the assets of state-owned enterprises in Shenzhen are expected to exceed 5 trillion yuan by the end of 2024, providing sufficient resources to support Vanke's steady development, including reducing the debt-to-asset ratio and enhancing liquidity through direct capital injection and asset allocation
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