Shenzhen Metro Group posts annual loss on Vanke investments

11 articles · Updated · Bloomberg · Apr 30

The state-owned backer of China Vanke reported a 37.5 billion yuan ($5.5 billion) loss attributable to shareholders for 2025 in a filing late Wednesday.
It was Shenzhen Metro Group's biggest annual loss since at least 2006, reflecting the heavy hit from its stake in the troubled property developer.
Vanke has been struggling with a liquidity crunch for more than two years, underscoring continuing stress in China's property sector and among state-linked investors.

With its chairman gone, is state-owned Shenzhen Metro preparing to cut its losses on Vanke?

If a state-backed giant like Vanke is failing, what hope is there for the rest of the sector?

Can a Singapore IPO really provide the billion-dollar lifeline Vanke so desperately needs right now?

Vanke is selling assets to survive, but who is buying in a frozen real estate market?

Vanke's founder faces fraud allegations. Was China's entire property boom built on a house of cards?

China's property crisis erased trillions in wealth. Can the nation's economy ever recover without it?