证券时报·2025-11-27 02:08Core Viewpoint - Vanke's stock and bonds experienced significant declines, with stocks dropping over 8% initially and bonds triggering temporary suspensions due to steep price drops [2][4]. Stock Performance - Vanke A (000002) and Vanke Enterprises (02202.HK) saw their stock prices fall by more than 8% at the start of trading, later narrowing the decline to over 7% [2]. Bond Performance - Several Vanke bonds, including "22万科02", "21万科02", "21万科06", "22万科04", "23万科01", and "21万科04", experienced significant drops, with "22万科04" and "21万科02" falling over 41%, and "21万科06" and "21万科04" dropping over 36% [4][5]. Announcement of Creditors' Meeting - On November 26, Vanke announced a creditors' meeting to discuss the extension of "22万科MTN004", scheduled for December 10, 2025 [5]. Loan Agreement with Major Shareholder - On November 2, Vanke signed a framework agreement with its largest shareholder, Shenzhen Metro Group, allowing for a maximum loan of 22 billion yuan, with an additional 2.29 billion yuan available later [6].