China Vanke Chair Sees Property Market Returning to 'Healthy Development' Despite H1 Profit Drop

China's property market is "oversold" and will return to "healthy development" with favorable policies, says China Vanke chair Yu Liang.
Vanke has steered clear of the debt crisis in China's property sector through prudent finances.
Vanke's H1 2022 net profit fell 19% to 9.9 billion yuan as the property market soured.
Shares of China property companies have rebounded on hopes of further government support.
Vanke looks well-positioned to benefit from a recovery due to its financial strength, though valuations aren't cheap.

reuters.com

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Posted 9/8/2023, 7:49:24 AM