Vanke hit by bond, equity slide

Several Vanke onshore bonds fell more than 30% on December 1, triggering temporary halts, while shares touched a ten-year low amid rising debt concerns. A court also froze RMB 570 million in equity at a Vanke subsidiary. The developer faces about RMB 36.24 billion in public debt maturing or subject to investor options, and reported a RMB 28.02 billion nine-month loss, with Shenzhen Metro continuing to provide liquidity support.