[6] Since the beginning of 2025, the company has been dealing with a huge amount of debt due amid a struggling property market.

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

[8][9][10] 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.

They planned to introduce new auditors and financial advisers to evaluate Vanke’s finances and property projects for future actions.