Di Yi Cai Jing·2025-12-10 07:25Group 1 - Vanke's bonds experienced a strong rebound on December 10, with five domestic bonds triggering temporary suspension of trading; "22 Vanke 04" rose over 42%, while "22 Vanke 02", "21 Vanke 06", and "21 Vanke 04" increased by over 30%, and "22 Vanke 06" rose by 29.99% [2] - Vanke A and H shares also saw significant gains, with Vanke A (000002.SZ) trading at 5.25 CNY per share, up 10.06%, and Vanke Enterprises (02202.HK) rising by 13.77% to 3.8 HKD per share [2] - Recent developments regarding Vanke's bond extension have emerged, with a summary of proposals for the "22 Vanke MTN004" first bondholder meeting released on December 5 [2] Group 2 - Proposal one suggests extending the principal repayment period by 12 months, with the adjusted repayment date set for December 15, 2026, and no compound interest during the extension period; the coupon rate remains unchanged during the extension [3] - Proposal two requires normal payment of interest accrued before the extension and additional credit enhancement measures, including guarantees from Shenzhen Metro Group or other acceptable Shenzhen state-owned enterprises [3] - Proposal three is similar to proposal two regarding interest payments but has different credit enhancement requirements, stating that corresponding credit enhancement measures must be provided for the bond extension [3]