Stock Track | China Vanke Soars 7.05% Intraday on Rescue Package Report
Stock Track
Feb 12
China Vanke's stock surged 7.05% during intraday trading, reflecting strong investor optimism.
The sharp rise follows a report that the Shenzhen municipal government is drafting an 80 billion yuan rescue package for the state-backed developer. This potential government support comes after Vanke estimated a 2025 net loss of about 82 billion yuan in late January, highlighting the financial challenges the company has been facing.
The rescue package news has boosted confidence in the developer's prospects, leading to significant buying interest in its shares.
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