Fitch Places China Vanke, Vanke HK on Rating Watch Negative; Downgrades Subsidiary's Notes to 'CC'

Fitch Ratings-Hong Kong/Shanghai-02 December 2025:Fitch Ratings has placed Chinese homebuilder China Vanke Co., Ltd.'s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'CCC-' and wholly owned subsidiary Vanke Real Estate (Hong Kong) Company Ltd's (Vanke HK) Long-Term IDR of 'C…