Developer Vanke’s Yuan Bonds Plunge as Debt Concerns Grow

Some of China Vanke Co.’s yuan bonds plunged in their biggest daily drop in nearly a year, as investor worries grow about the distressed property firm’s ability to repay debt.

By Jackie Cai, Qingqi She, Emma Dong · Bloomberg Markets

Some of China Vanke Co.’s yuan bonds plunged in their biggest daily drop in nearly a year, as investor worries grow about the distressed property firm’s ability to repay debt.