（原标题："21万科02"，大涨！两次临停） "21万科02"盘中大涨。 今日（12月9日）11时许，深交所公告，"21万科02"（149358）盘中大涨超30%，自今日11时00分47秒 起对该债券实施临时停牌，于15时27分00秒复牌。 这是深交所今日第二次对"21万科02"实施临时停牌，稍早之前，深交所公告，"21万科02"（149358）盘 中成交价较前收盘价首次上涨达到或超过20%，自今日10时21分05秒起对该债券实施临时停牌，于10时 51分06秒复牌。 深交所行情数据显示，目前，"21万科02"涨30.62%，最新价为34.999元。 综合自：深交所公告 责编：万健祎 校对：杨立林 ...

Group 1 - Wanda's debt issues are drawing attention as the year-end approaches [2] - Wanda has confirmed that funds are in place for the repayment of a $300 million bond maturing in January, instilling confidence in the market [4] - The company is also working on extending another $400 million bond's maturity to 2028, indicating a strategy to optimize its debt structure [4][6] Group 2 - Wanda is ensuring rigid repayment to stabilize the market while simultaneously seeking to restructure its debt to gain time for transformation [6] - The company has communicated its funding arrangements to creditors, acknowledging that the bond extension will impact domestic banks' decisions on renewing loans, demonstrating sincerity [6] - Vanke, another major player, is facing pressure from creditors and will hold a meeting to discuss extending its medium-term notes, reflecting the deep adjustments within the real estate industry [8]

综合自：深交所公告 这是深交所今日第二次对"21万科02"实施临时停牌，稍早之前，深交所公告，"21万科02"（149358）盘中成交价较前收盘价首次上涨达到或超过20%，自 今日10时21分05秒起对该债券实施临时停牌，于10时51分06秒复牌。 深交所行情数据显示，目前，"21万科02"涨30.62%，最新价为34.999元。 "21万科02"盘中大涨。 今日（12月9日）11时许，深交所公告，"21万科02"（149358）盘中大涨超30%，自今日11时00分47秒起对该债券实施临时停牌，于15时27分00秒复牌。 （文章来源：证券时报） ...

每经AI快讯，12月9日，深交所公告，"21万科02"(149358)盘中大涨30%，自今日11时00分47秒起对该债 券实施临时停牌，将于15时27分00秒复牌。 ...

人民财讯12月9日电，深交所发布公告，"21万科02"(149358)盘中成交价较前收盘价首次上涨达到或超 过20%，根据有关规定，自今日10时21分05秒起对该债券实施临时停牌，于10时51分06秒复牌。 ...

万科境内债"21万科02"涨超30%，二次临停。 ...

万科境内债"21万科02"涨超23%，临时停牌。 ...

Core Viewpoint - Vanke's bonds experienced a significant price rebound, with some bonds triggering temporary suspensions due to sharp increases, primarily driven by the upcoming extension proposal for the "22 Vanke MTN004" medium-term notes and the proposed credit enhancement measures [1][2][7] Group 1: Bond Market Reaction - Multiple Vanke bonds saw substantial price increases, with "21 Vanke 02" up 23.42%, "21 Vanke 04" up 33.71%, and "22 Vanke 04" up 20.27% by the close on December 8 [3][4] - The bond market's strong performance contrasted sharply with Vanke's A-shares, which showed a slight decline, closing at 4.91 yuan per share, down 0.81% [6] - The surge in bond prices was attributed to a risk mitigation plan formed after negotiations with creditors, particularly the inclusion of state-owned enterprise credit enhancement, which helped restore market confidence [6][15] Group 2: Extension Proposal Details - The extension proposal for "22 Vanke MTN004" includes a 12-month extension of principal repayment to December 15, 2026, with interest payments also deferred to the same date [9][11] - Additional credit enhancement measures are proposed, including guarantees from Shenzhen state-owned enterprises, to support the bondholders [9][10] Group 3: Market Sentiment and Future Outlook - Despite the temporary relief provided by the extension proposal, concerns about Vanke's long-term debt situation remain, as the company has terminated its credit ratings with major agencies, leading to increased uncertainty in the market [18][21] - Analysts suggest that while the bond market's recent upturn may be short-lived, the underlying debt repayment pressures for Vanke are still significant, with a potential impact on future cash flows and sales performance [15][16][21]

Core Insights - Vanke's rental apartment brand, Vanke Boyu, has been recognized as a leader in the long-term rental housing sector, winning two awards from the China Real Estate Association for its comprehensive strength and innovative practices [1][4]. Group 1: Awards and Recognition - Vanke Boyu was listed in the "2025 Top 10 Long-term Rental Apartment Enterprises" and "2025 Top 20 Long-term Rental Apartment Index Participating Enterprises" [1]. - The Xiamen Boyu Bay Community was selected as a "Good House" case in housing rental, highlighting its brand influence and operational strength [1][5]. Group 2: Community Development - The Xiamen Boyu Bay Community, formerly the Xiamen International Health Station, has been transformed into the largest affordable rental housing project in the country, featuring 8,000 long-term rental apartments [3]. - The project employs innovative all-dry assembly decoration technology for green construction and utilizes a digital operation platform to enhance management efficiency, achieving a ratio of 165 rooms per manager [4]. Group 3: Operational Excellence - Vanke Boyu operates 29 large rental communities across the country, each with over 1,000 units, maintaining a high occupancy rate of over 95% [4]. - The community includes a commercial area of 8,500 square meters and offers various public spaces, creating a unique ecosystem for young residents [4]. Group 4: Industry Trends and Business Model - The complexity of operating large communities is significantly higher than that of smaller or dispersed apartment models, requiring advanced community ecosystem development and refined operational capabilities [6]. - Vanke Boyu has successfully developed a replicable model for large rental communities, integrating commercial facilities, public services, and community activities [6]. - The company has pioneered various development models, including "non-residential to affordable housing" and "sale to rent," effectively revitalizing urban stock assets and responding to diverse market demands [6][7]. Group 5: Growth and Future Prospects - In July 2023, Vanke Boyu announced that its number of opened rooms surpassed 200,000, with over 130,000 of these classified as affordable rental housing, representing 65% of its total opened rooms [7]. - The company has established itself as a leader in the number of affordable rental units among market-oriented operators, with many projects recognized as demonstration projects by the government [7]. - Vanke Boyu's sustainable business model, which combines stock activation, service enhancement, and capital closure, positions it well for future growth as the trend of rental and purchase coexists continues to deepen [7].

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） 债券代码 债券简称 148380.SZ 23 万科 01 149358.SZ 21 万科 02 149478.SZ 21 万科 04 149568.SZ 21 万科 06 149815.SZ 22 万科 02 149931.SZ 22 万科 04 149976.SZ 22 万科 06 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8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 ...