Sou Hu Cai Jing·2025-12-08 07:39Core Viewpoint - Vanke A has communicated a clear signal to the market by establishing a bond repurchase arrangement, addressing recent market volatility and investor concerns [1][2]. Group 1: Bond Repurchase Arrangement - The company announced that investors can repurchase the "21 Vanke 02" bond at a face value of 100 yuan on January 22, 2026 [1]. - The current market price of the bond is approximately 21.71 yuan, which is seen as a strong declaration of the company's repayment capability [2]. Group 2: Market Response and Debt Management - The recent actions by Vanke are aimed at countering market rumors and short-selling activities that have led to significant declines in bond prices and fluctuations in stock prices [2]. - Vanke's proactive debt management is expected to alleviate irrational panic in the market, restore reasonable bond valuations, and positively impact the overall financing environment in the real estate sector [3]. Group 3: Support from Major Shareholders - The extension arrangements for certain notes have received support from major shareholders, including Shenzhen Metro Group and Shenzhen state-owned enterprises, indicating a high probability of success [3].