Vanke

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Vanke Co., Ltd.
万科企业股份有限公司

Company type	Public company
Traded as	SZSE: 000002 SEHK: 2202
Industry	Real estate
Founded	1984
Headquarters	Dameisha, Yantian District, Shenzhen, Guangdong , China
Key people	Chairman: Yu Liang CEO: Yu Liang
Revenue	US$ 65.79 billion (2023)[1]
Net income	US$ 1.7 billion (2023)[1]
Total assets	US$ 212.0 billion (2023)[1]
Owner	Shenzhen Metro (29.38%)[2]
Number of employees	131,097 (2023)[1]
Website	vanke.com

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.

It is headquartered in Vanke Center (万科中心) in Dameisha, Yantian District, Shenzhen, Guangdong province.^[3]

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.^[4] Fortune reported the company having US$53.253 billion in revenue, US$248.360 billion worth of assets, and 131,505 employees that year.^[4]

Vanke was also ranked 96th in the Forbes Global 2000 in 2020.^[5]

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

In March 2024, Moody's Ratings downgraded Vanke's credit rating score to Ba1, citing "substantial credit risk" in the company.^[6]

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.^[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. 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.^[11][12]

• Real estate in China

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