每经AI快讯，12月15日，万科企业在港交所公告称，公司计划于宽限期内召开万科企业股份有限公司 2022年度第四期中期票据第二次持有人会议。 ...

Core Viewpoint - Vanke A announced the disclosure of a response regarding the first bondholders' meeting for the fourth phase of the 2022 medium-term notes, indicating ongoing challenges in debt repayment arrangements [1] Group 1: Bond Details - The principal repayment date for the bond is set for December 15, 2025, with an outstanding amount of 2 billion yuan [1] - Three major proposals were presented at the meeting: adjustment of principal and interest repayment arrangements, conditional adjustments to repayment arrangements with additional credit enhancement measures, and adjustments to repayment arrangements along with additional credit enhancement measures [1] Group 2: Voting Outcome - All proposals failed to take effect as the consent voting rights did not exceed 90% of the total voting rights [1] - The company acknowledged the voting results and apologized for the impact of the extension, indicating a commitment to continue negotiations for a resolution [1]

中國，深圳，2025年12月1 5日 於本 公 告日期，本 公 司 董 事 會 成 員 包 括：執 行董事郁 亮 先生及 王 蘊 女 士；非 執 行 董 事黃 力 平 先 生、胡 國 斌先生 及 雷 江 松 先 生；以 及 獨 立非 執 行 董 事 廖 子 彬 先 生、林 明彥 先 生、沈向 洋 博士 及 張 懿 宸 先 生。 * 僅供識別 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 CHINA VANKE CO., LTD.* 萬科企業股份有限公司 （於中華人民共和國註冊成立的股份有限公司 ） （股份代號：2202） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則 第 13.10B 條 作出。兹 載 列 該 公 告如下， 僅供 參 閱。 萬科企業股份有限公司 董事會 三、宽限期约定及其他需说明事项 2 根据《万科企业股份有限公司 2022 年度第四期中期票据募 集说明书》中的约定，对未能按期足额偿付债务融资工具本金或 利息的违约情 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 CHINA VANKE CO., LTD.* 萬科企業股份有限公司 （於中華人民共和國註冊成立的股份有限公司 ） （股份代號：2202） * 僅供識別 债券代码：102282715 债券简称：22 万科 MTN004 万科企业股份有限公司关于 2022 年度第四期中期票据 2025 年第一次持有人会议的答复公告 万科企业股份有限公司 2022 年度第四期中期票据 2025 年第 一次持有人会议已形成决议并于 2025 年 12 月 15 日公告，本公 司对相关决议情况答复公告如下。 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則 第 13.10B 條 作出。兹 載 列 該 公 告如下， 僅供 參 閱。 萬科企業股份有限公司 董事會 中國，深圳，2025年12月1 5日 於本 公 告日期，本 公 司 董 事 會 成 員 包 括：執 行董事郁 亮 先生及 王 蘊 女 士；非 執 行 董 事黃 ...

特此公告。 万科企业股份有限公司 关于在交易商协会披露《关于 2022 年度第四期中期票据 2025 年第一 次持有人会议的答复公告》的提示性公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2025-157 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 万科企业股份有限公司（以下简称"公司"）在中国银行间市场交易商协会 网站（简称"交易商协会"，www.nafmii.org.cn）披露了《关于 2022 年度第四期 中期票据 2025 年第一次持有人会议的答复公告》。根据相关规定，公司同步在巨 潮资讯网（www.cninfo.com.cn）对该公告予以刊登，供参阅。 万科企业股份有限公司 董事会 二〇二五年十二月十五日 债券代码：102282715 债券简称：22 万科 MTN004 万科企业股份有限公司关于 2022 年度第四期中期票据 2025 年第一次持有人会议的答复公告 万科企业股份有限公司 2022 年度第四期中期票据 2025 年第 一次持有人会议已形成决议并于 2025 年 12 月 15 日公告，本公 ...

公告编号：〈万〉2025-156 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 万科企业股份有限公司（以下简称"公司"）在中国银行间市场交易商协会 网站（简称"交易商协会"，www.nafmii.org.cn）披露了《关于万科企业股份有 限公司 2022 年度第四期中期票据宽限期内本息偿付安排的公告》。根据相关规 定，公司同步在巨潮资讯网（www.cninfo.com.cn）对该公告予以刊登，供参阅。 特此公告。 万科企业股份有限公司 董事会 二〇二五年十二月十五日 万科企业股份有限公司 关于在交易商协会披露《2022 年度第四期中期票据宽限期内本息偿 付安排的公告》的提示性公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 三、宽限期约定及其他需说明事项 根据《万科企业股份有限公司 2022 年度第四期中期票据募 集说明书》中的约定，对未能按期足额偿付债务融资工具本金或 利息的违约情形设置了 5 个工作日的宽限期。宽限期内应以当期 应付未付的本金和利息为计息基数、按照票面利率上浮 5BP 计算 利息。 公司计划于宽限期内召开万科企业股 ...

Group 1: Company Performance - Huayi Brothers has reported a cumulative loss of 8.2 billion yuan over the past seven years, with its current market value being less than one-tenth of its peak [3] - In Q3, Huayi Brothers achieved a revenue of 62.6 million yuan, a year-on-year decline of 31.61%, and a net loss attributable to shareholders of 39.5 million yuan [3] - Lululemon's stock price has dropped by 46.40% this year, resulting in a market value loss of approximately 25 billion USD, leading to the resignation of CEO Calvin McDonald [8] Group 2: Industry Developments - The average age of the labor force in China has reached 39.66 years, indicating a gradual maturity in the aging process of the population [2] - The global largest automotive safety testing center has been put into operation in Ningbo, Zhejiang, featuring multiple Guinness World Records [6] - The National Market Supervision Administration has issued guidelines prohibiting car manufacturers from selling vehicles at a loss, aiming to enhance price compliance in the automotive industry [4] Group 3: Strategic Moves - Kweichow Moutai has introduced a volume control policy to alleviate financial pressure on distributors, halting product distribution until January 1, 2026 [4] - SpaceX is reportedly seeking to go public with a target valuation of approximately 1.5 trillion USD, which could make Elon Musk the world's first trillionaire [2] - OpenAI has adjusted its compensation policy to prevent talent outflow by removing the "vesting cliff" for stock options [11]

Group 1 - The medical team at Ningbo University Affiliated Women and Children's Hospital is under scrutiny following the death of a child post-surgery, with multiple personnel held accountable for inadequate risk assessment and procedural errors [2] - OpenAI has eliminated the six-month waiting period for stock options for new employees, a move aimed at attracting talent amid fierce competition in the AI sector, with projected stock compensation expenses reaching $6 billion this year [5] - The Australian Bondi Beach shooting incident has resulted in 16 fatalities, with the Prime Minister labeling it a terrorist attack targeting the Jewish community [6] Group 2 - The Chinese government has issued a notice to boost consumer spending, outlining 11 policy measures to enhance financial support in key consumption areas [7] - Vanke's proposals for extending the maturity of its bonds were rejected, raising concerns about the company's debt restructuring prospects as it faces a tight repayment window [8] - A report indicates that Inner Mongolia has surpassed the northeastern provinces as the region with the oldest labor force in China, with an average age of 39.66 years [9] Group 3 - The National Medical Insurance Administration aims to achieve a policy where childbirth incurs no out-of-pocket expenses by next year, expanding coverage to more groups [10] - The Chinese Ping Pong Association has initiated a health support mechanism for athletes following the withdrawal of players due to health issues during a tournament [14][15] - ByteDance's AI assistant "Doubao" has faced scrutiny over security concerns, but the company has denied reports of regulatory inquiries [18]

Group 1 - Vanke's proposal to extend the maturity of a 2 billion yuan bond was not approved, raising concerns about the difficulty of debt management for real estate companies [1] - The bond has a principal repayment date of December 15, 2025, with an interest rate of 3%, and if no consensus is reached during the grace period, Vanke may face substantial default [1] Group 2 - Poly Developments plans to issue up to 5 billion yuan in convertible bonds to fund nine real estate projects, with a total investment of 22.221 billion yuan [2] - This financing move reflects the company's strategy to ensure project advancement through market-based financing tools, providing a reference for compliant real estate companies [2] Group 3 - Shandong Province has issued guidelines for a "trade-in" housing policy, introducing three models: "sell old for new," "collect old for new," and "demolish old for new," aimed at stimulating housing demand [3] - The policy includes measures to support real estate agencies in providing "help sell" services and encourages market-based acquisition of second-hand homes [3] Group 4 - Country Garden's previously acquired land in Foshan is being re-listed for auction at a starting price of 401 million yuan, significantly lower than the previous acquisition price of 2.74 billion yuan [4] - The area has seen a lack of new large-scale developments, and the reduced starting price may attract new bidders, although additional development costs may impact the final outcome [4] Group 5 - Nanshan Holdings plans to apply for a borrowing limit of 7 billion yuan from its controlling shareholder, which will be available for three years and can be reused [5] - This borrowing strategy aims to stabilize the company's cash flow and reduce overall financing costs, enhancing financial stability and risk resilience [5]

在融资方面，利好政策更是层出不穷。2025年2月，国家金融监督管理总局明确表示，房地产"白名单"项目的贷款金额已经达到5.6万亿元，并且后续还在持 续扩围，确保符合规定的项目能够"应进尽进"。同年5月，金融监管总局又推出了八项增量政策，其中包括修订并购贷款管理办法、扩大保险资金投资试点 以及将保障性住房再贷款利率下调至1.5%等，这些举措进一步降低了房地产企业的融资成本。到了11月，全国"白名单"项目的贷款审批金额已经超过7万亿 元，为房地产企业的项目建设和债务偿还提供了强有力的资金支持。万科作为一家优质的房地产企业，不仅能够享受到"白名单"的融资便利，其大股东深铁 集团的国有企业背景更是政策鼓励"国资支持优质房企"的直接体现。 然而，万科的"刚兑"之所以被称作"历史性"，也正因为当前房地产行业的整体债务压力依然巨大。数据显示，2025年房地产企业全年到期债务高达5342亿 元，较2024年增加了513亿元，其中第三季度更是迎来了1600亿元的到期高峰。尽管房地产行业的违约情况有所好转——2025年第三季度境内债券的实质性 违约仅有2只，涉及金额38.35亿元，但中小房地产企业资金链紧张、融资困难的问题仍然没 ...