Core Viewpoint - The potential collapse of Vanke, one of China's major developers, could raise significant concerns regarding policymakers' strategies to tackle the ongoing real estate slump, which has persisted for six years [1] Group 1 - Many large developers in China have already defaulted, indicating a broader issue within the real estate sector [1] - A Vanke collapse would highlight the challenges faced by the government in managing the real estate crisis [1] - The ongoing slump in the real estate market raises questions about the effectiveness of current policies [1]

Market Trends & Industry Dynamics - Hong Kong's real estate market is experiencing its worst slump since the 1990s, posing a critical test for creditors [1]