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2202 on Hong Kong Stock Exchange

Vanke

Logo: Vanke, Public domain, via Wikimedia Commons3

Large residential real estate developer in the People's Republic of China

Vanke (simplified Chinese: 万科; traditional Chinese: 萬科; pinyin: Wànkē; Jyutping: maan6 fo1) is a large residential real estate developer in China. It is engaged in developing, managing and selling properties across more than 60 mainland Chinese cities in the Pearl River Delta, Yangtze River Delta and Bohai-Rim Region, with the provision of investment, trading, consultancy services and e-business. It also has expanded into Hong Kong, the United States, the United Kingdom, and Malaysia since 2012.2 It was founded by Wang Shi.1 It is headquartered in Shenzhen.1 Its revenue was CN¥297 billion in 2018.1 It is part of China Resources.1 Its shares trade on Hong Kong Stock Exchange under the symbol 2202.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1984Founded1

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  • Ticker2202 on Hong Kong Stock Exchange1
  • Industryreal estate industry1
  • HeadquartersShenzhen1
  • Websitewww.vanke.com
  • Listed onShenzhen Stock Exchange (000002), Hong Kong Stock Exchange (2202)1

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Vanke (simplified Chinese: 万科; traditional Chinese: 萬科; pinyin: Wànkē; Jyutping: maan6 fo1) is a large residential real estate developer in China. It is engaged in developing, managing and selling properties across more than 60 mainland Chinese cities in the Pearl River Delta, Yangtze River Delta and Bohai-Rim Region, with the provision of investment, trading, consultancy services and e-business. It also has expanded into Hong Kong, the United States, the United Kingdom, and Malaysia since 2012. Its largest shareholder is Shenzhen Metro.2

Corporate structure

Vanke is part of a group headed by China Resources. 8 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

Founded by Wang Shi in 1984.1

Vanke was founded by Wang Shi in 1988. Vanke was listed on the Shenzhen Stock Exchange in 1991, the second listed company in the Shenzhen Stock Exchange after Shenzhen Development Bank. It had the largest market capitalisation in 2006 on the Shenzhen Stock Exchange.

As of 2020, Vanke was ranked 208th in the Fortune Global 500. Fortune reported the company having US$53.253 billion in revenue, US$248.360 billion worth of assets, and 131,505 employees that year.

Vanke was also ranked 96th in the Forbes Global 2000 in 2020.

As of 21 February 2019 its market cap was US$44 billion.

Financial struggle

In March 2024, Moody's Ratings downgraded Vanke's credit rating score to Ba1, citing "substantial credit risk" in the company.

Since the beginning of 2025, the company has been dealing with a huge amount of debt due amid a struggling property market. It has around 4.9 billion USD in bonds maturing in 2025, half of its public debt. By the end of 2025 the interest-bearing liabilities stood at 364.3 billion yuan ($52 billion)

Chinese government intervention

China state media the Economic Observer reported that Vanke's CEO Zhu Jiusheng was detained by public security authorities on January 15, 2025.

Officials in Shenzhen held a closed meeting on January 17, 2025 to discuss Vanke, which is based in the city. The local government has significant control over Vanke due to its largest shareholder being a state firm. The Shenzhen government intended to stabilize Vanke's operations. They planned to introduce new auditors and financial advisers to evaluate Vanke's finances and property projects for future actions.

From Wikipedia’s article on Vanke, shared under CC BY-SA 4.0.4

Leadership

Who has led Vanke, and when. Pick a name to see everywhere that person has worked.

Subsidiaries and ownership

Parent company

From Wikidata.1

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

  • 2018297.1B CNY1

Timeline

  1. Jun 25, 2014Went public Listed on Hong Kong Stock Exchange1
  2. 1984Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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