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Recently, it has been reported that Vanke plans to transfer 10 of its assets in Shenzhen through asset transactions or equity transactions, involving more than 8.7 billion yuan, including hotels, businesses, offices, apartments and so on. In response, Vanke responded that the relevant trading data and specific assets are not in line with the facts, and only some assets are being traded. It is worth mentioning that the day after Vanke responded to the outside world, Vanke A turned red, up 0% at the close.Crashteamracingplayonline.15%, Vanke's Hong Kong shares rose 1.3%.

Although Vanke did not specify the above news, according to public information, the disposal of assets to withdraw funds is currently one of Vanke's key work. At the Vanke results conference held on March 29, Vanke Chairman Yu Liang said that Vanke will take all-out action to thicken the safety cushion, in addition to the sales side continues to adhere to the goal of outperforming the general trend, it will also continue to cash in the "reservoir" through bulk assets and equity transactions, firmly reduce leverage and reduce interest-paying debt by more than 100 billion yuan in the next two years.

Vanke is currently suffering from the liquidity crisis, Vanke in the investor relations exchange activities held a few days ago to respond, the current Vanke indeed encountered phased operational difficulties, short-term liquidity pressure. However, the company has formulated a package of plans to stabilize operations and reduce liabilities, which can properly resolve these periodic pressures. Judging from the recent actions, Vanke is indeed taking active action and going all out. In December 2023, Vanke sold shares in Banyan Services (China), Banyan Hotel Management (China) and Banyan Hotel Management (Tianjin) projects to Banyan Holdings at a price of 480 million yuan. Vanke controlled the sale of a 6.16% stake in Shenzhen High-tech Investment to Shenzhen State Capital's investment platform in January this year. In March, the CICC India Power REIT released by Vanke's India Power Group officially entered the inquiry stage, Wanwei Logistics REIT has been officially released on the exchange, and the long-term rental apartment REIT is also actively applying. According to the latest disclosure of the official website of the Shenzhen Stock Exchange, CICC print Power consumption REIT public offering part of the hot issue, the early end of the offering, listing is just around the corner. Vanke made it clear in its 2023 annual report that it will achieve a transaction payback of not less than 30 billion yuan in 2024 through bulk assets, equity transactions, etc.

In addition to actively disposing of assets, on the financing side, Vanke also said a few days ago that the supporting attitude of financial institutions to Vanke is positive and adequate. Zhu Jiusheng, president of Vanke, said at the performance meeting that Vanke received about 90 billion of new financing in 2023, and the total amount of financing was basically stable. In order to increase the safety cushion on the financing side, the company is actively discussing various financing options with financial institutions.

As for the follow-up debt repayment arrangements, Zhu Jiusheng has said that the company has 99.8 billion yuan of funds on hand at the end of this year, which is 1.6 times the rigid interest-bearing liabilities due within one year, and the overall safety pad is relatively adequate. Sufficient arrangements have been made for the part of overseas loans to be repaid. At present, there are only maturing bonds abroad in the second quarter, with the maturing amount equivalent to about 5.6 billion RMB. The company has started the relevant replacement and repayment preparation work in advance.

In addition to its own all-out efforts, Vanke has also received substantial and strong support from major shareholders of state-owned assets. Since November 2023, Shenzhen SASAC has actively expressed its support for Vanke. In January 2024, the investment platform of Shenzhen State-owned assets invested heavily and acquired a 6.16% stake in Shenzhen High-tech Investment from Vanke subsidiary. In March 2024, Shenzhen Railway Group subscribed for CICC India Consumer REIT through strategic placement, with a subscription share of 29.8% of the total share raised by the fund, with a subscription amount of about 1 billion yuan, which is by far the largest subscription for consumer REITs by the state-owned assets system.

Industry insiders believe that the current real estate industry is still in a period of deep adjustment, enterprises through asset transactions, can optimize their cash on hand, deal with various changes, and achieve more safe and steady development. Vanke's current arrangement also reflects its consistent operational stability and determination to resolve debts as an industry leader.