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China Vanke Co., Ltd. (18V.F)

Frankfurt - Frankfurt Delayed price. Currency in EUR
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1.88000.0000 (0.00%)
At close: 08:08AM CET
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Previous close1.8800
Bid1.8700 x 240000
Ask1.9600 x 240000
Day's range1.8800 - 1.8800
52-week range1.2700 - 2.4600
Avg. volume52
Market cap26.602B
Beta (5Y monthly)0.65
PE ratio (TTM)7.23
EPS (TTM)0.2600
Earnings dateN/A
Forward dividend & yield0.15 (7.30%)
Ex-dividend date14 July 2022
1y target estN/A
  • Financial Times

    China’s state banks seek to boost property sector with $30bn in credit lines

    China’s state-owned banks have launched a concerted effort to strengthen the finances of the country’s struggling property developers, with more than Rmb220bn ($30.7bn) being announced on Wednesday in new credit lines. Bank of Communications, China’s sixth-largest bank by assets, was the first to announce support, agreeing a Rmb100bn credit line for Chinese developer Vanke and Rmb20bn for Midea Real Estate, in a clear sign of greater government support for stronger players in the real estate sector. Bank of China, the fourth-biggest bank in China, later announced it would offer another Rmb100bn credit line to Vanke, while the Agricultural Bank of China, the country’s third-largest lender, said it would also offer credit lines to five developers — Vanke, China Overseas Land and Investment, China Resources Land, Longfor and Gemdale — but did not reveal any figures.