Octus reported unverified market speculation that the Shenzhen government is preparing an RMB80 billion rescue plan for CHINA VANKE (02202.HK) -0.100 (-3.356%) Short selling $4.87M; Ratio 40.152% , including an RMB20 billion share placement, to prevent default, according to JPMorgan's research report. The broker doubted the authenticity of the report. First, out of nine previous market speculations about financial support, only one has proven true. Second, the RMB80 billion amount is unclear, as the report does not specify whether this is new financial support or merely refinancing/ credit lines (the difference is minimal). Related News BofAS: CN Home Recovery to Rely on Internal Momentum, Prefers China Resources Land (01109.HK)The central government emphasizes the importance of avoiding defaults, but JPMorgan questioned why CHINA VANKE's default is still significant in the current environment (as most private developers have already defaulted, and CHINA VANKE's current market share is only 1%), the report noted.JPMorgan still considered a holistic bond restructuring to be a more reasonable solution. That said, the broker expected a positive short-term share price reaction.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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