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China Vanke s Hong Kong Shares Open 1% Lower After Moody s Starts Ratings Review

China Vanke s Hong Kong Shares Open 1% Lower After Moody s Starts Ratings Review
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China Vanke s Hong Kong shares open 1% lower after Moody s starts ratings review

China Vanke s shares are have opened down 1% in Hong Kong on Tuesday after Moody s said the property company s rating would now be considered for junk status..

Exclusive-Chinese regulators ask large banks to step up support for Vanke, sources say

HONG KONG/SHANGHAI/BEIJING (Reuters) -Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said. The sources with direct knowledge of the matter said the financial institutions were asked to make progress quickly, and that the State Council - China's cabinet - is coordinating effort related to supporting China Vanke.

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