Si Lu Hai Yang·2026-03-09 11:53Company News Major Public Opinion - The Shenzhen government has received feedback on the proposed support plan for China Vanke from Beijing. After the authorities deemed the amount insufficient, the plan was expanded. The initial private share placement was set at 20 billion RMB (about $2.9 billion), but the revised scale is unknown. The government is considering introducing other local state - owned enterprises to support Vanke. After Vanke's initial attempt to extend the domestic bond term failed in December, it revised the plan in January and got approval to postpone the repayment of part of the principal of three domestic bonds for one year, with funds provided by Shenzhen Metro Group [2]. Capital Increase and Expansion - Gansu Financial Holding Group Co., Ltd. received a total of 21 billion RMB in capital increase from 15 relevant city - county financial departments. After the increase, its paid - in capital rose to 36.795 billion RMB, an increase of 20.956 billion RMB. The company has 11 outstanding bonds worth 5.5 billion RMB [2]. Involvement in Major Litigation - Zhangjiajie Economic Development Investment Group Co., Ltd. reported that its subsidiary Zhangjiajie Tourism Group Co., Ltd. and its holding subsidiaries had new, undisclosed litigation and arbitration cases with a total amount of about 37.9009 million RMB as of February 26, 2026, accounting for 13.09% of Zhangjiajie Tourism Group's latest audited net asset value [2]. Operating Loss - Longfor Group Holdings Limited issued a 2025 performance forecast, expecting a net profit attributable to the parent of about 1 billion RMB. However, after excluding fair - value changes, the core equity profit was a loss of 1.5 - 2 billion RMB due to the decline in development business settlement income and gross profit margin. The group has achieved positive operating cash flow including capital expenditures for three consecutive years, and its operation and service business is developing steadily [2]. Loan Overdue - Lingnan Ecology and Culture Tourism Co., Ltd. had a loan of about 447.0798 million RMB from Guangzhou Bank Dongguan Branch overdue. The loan was previously extended, and the company and its subsidiaries provided guarantees [2][3]. Transfer of Subsidiary Equity - Suining Fuyuan Industrial Co., Ltd. transferred 97% of the equity of Suining Fucheng Engineering Management Co., Ltd. and 3% held by its subsidiary to the State - owned Assets and Audit Center of Suining Economic and Technological Development Zone. The asset scale at the end of 2024 was 1.51 billion RMB. The company has 7 outstanding bonds worth 2.5 billion RMB [3]. Rating Outlook and Credit Rating Changes - Moody's adjusted the outlook of The Bank of East Asia, Limited from negative to stable, with a subject rating of A3. Fitch upgraded the subject rating of CK Hutchison Holdings Limited from A - to A and adjusted the outlook from positive watch to stable. Fitch also upgraded the subject rating of Schindler Technology China Co., Ltd. from BB to BB+ and adjusted the outlook from positive to stable [3].