{"id":117074,"date":"2025-11-04T08:12:06","date_gmt":"2025-11-04T08:12:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/117074\/"},"modified":"2025-11-04T08:12:06","modified_gmt":"2025-11-04T08:12:06","slug":"new-world-vanke-debt-moves-shake-up-chinas-property-sector","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/117074\/","title":{"rendered":"New World, Vanke Debt Moves Shake Up China\u2019s Property Sector"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/17:HK\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">New World Development Co.<\/a> and <a href=\"https:\/\/www.bloomberg.com\/quote\/000002:CH\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">China Vanke Co.<\/a>, two of the most closely watched distressed Chinese property names, are again forcing investors to reckon with the fallout from the country\u2019s real estate crisis.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">About two weeks after New World said it <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-21\/new-world-says-not-undertaking-liability-management-exercise\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">wasn\u2019t undertaking<\/a> a liability management exercise, the Hong Kong distressed builder <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-11-03\/new-world-to-issue-up-to-1-9-billion-of-new-securities-notes\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">unveiled <\/a>a $1.9 billion bond swap plan that includes haircuts for creditors \u2014 particularly holders of its perpetual bonds. <\/p>\n","protected":false},"excerpt":{"rendered":"New World Development Co. and China Vanke Co., two of the most closely watched distressed Chinese property names,&hellip;\n","protected":false},"author":2,"featured_media":117075,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[910,138,607,5399,219,266,4431,1759,220,82205,111,139,69,13081,11081,22288],"class_list":{"0":"post-117074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-bonds","9":"tag-business","10":"tag-china","11":"tag-debt","12":"tag-economy","13":"tag-government","14":"tag-hong-kong","15":"tag-japan","16":"tag-markets","17":"tag-new-world-development","18":"tag-new-zealand","19":"tag-newzealand","20":"tag-nz","21":"tag-real-estate","22":"tag-tokyo","23":"tag-us-dollar-spot"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/117074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=117074"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/117074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/117075"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=117074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=117074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=117074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}