China Vanke Co., Ltd.

China Vanke Co., Ltd. is a Chinese real estate development company headquartered in Shenzhen, one of the largest residential property developers in mainland China. It was founded in 1984 and grew rapidly through the following decades as China's residential property market expanded, listing its shares on both the Shenzhen and Hong Kong stock exchanges. Vanke has historically been regarded as one of China's more conservatively financed major developers relative to peers such as China Evergrande, though it has faced significant financial strain of its own amid the broader downturn in Chinese property markets beginning in the early 2020s, drawing supportive intervention from major shareholders including the state-owned China Resources Group and the Shenzhen municipal government via Shenzhen Metro Group.