Chinese regulators meet large banks to build support for ailing property firm Vanke

Chinese regulators meet large banks to build support for ailing property firm Vanke

FILE PHOTO: A Vanke sign is seen above workers working at the construction site of a residential building in Dalian, Liaoning province, China September 16, 2019. REUTERS/Stringer/File Photo

Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said.