Expert： Vanke has a debt of 600 billion yuan, and it is difficult to save the last stand.

Original title:Expert: Vanke has a debt of 600 billion yuan, which is difficult to save. The real estate debt crisis has spread from private enterprises to state-owned enterprises!

Just now, a fierce confrontation began. Standing at the forefront is Vanke, the "top student" in housing enterprises. The one who helped the Vanke platform was a behemoth-Shenzhen state-owned assets. A battle to defend the real estate has already started.

Recently, Vanke held an emergency press conference after the double whammy of shares and debts, and the Shenzhen Metro with a state-owned background showed its support.

Xi Wei, a senior real estate practitioner, said: Vanke has a debt of 600 billion yuan, which is difficult to save.

At present, the problem of Vanke is also a problem of the whole industry.

Some large or radical enterprises bear the brunt, including Evergrande, Country Garden and Sunac. Of course, it does not mean that those small and medium-sized housing enterprises have no problems.

Judging from the market performance, the current problems of housing enterprises are similar, which does not represent the size of the crisis, but only the size of the crisis control ability.

Five years ago, Vanke was the first to shout out "live". At that time, it was the peak or near the peak of real estate after 16 years of climax. Almost everyone was shouting, this is a madman, but how can such a prophet face thunder? Vanke must be "last stand", that is, to be dead or alive, with no intermediate state. You can’t live if you can’t get rid of your baggage.

First of all, Xi Wei pointed out that the amount of policy assistance is relatively small, mainly biased towards state-owned enterprises. Vanke’s huge debt problem has been magnified and needs more assistance. He mentioned that if Shenzhen Metro can provide 10 billion yuan to help Vanke, according to Vanke’s current debt situation, it may take 100 years to pay off the profits. This data has shocked the market, and also reflects that the current rescue measures are relatively insufficient and too slow.

For the sustainable development of the real estate industry, Xi Feng called for finding a longer-term road. He believes that although the real estate industry will go to the bottom in the long run, there is room for choice in the way of going to the bottom. In the current situation, it is urgent to find a sustainable development way for the real estate industry.

Recently, Vanke has experienced a series of fluctuations in the US dollar bond market, especially the prices of two forward US dollar bonds due in 2027 and 2029 have fallen sharply. This caused the market to worry about Vanke’s financial situation, and also led to the double decline of stock price and bond price. At this critical moment, Vanke quickly held a press conference, announcing that Shenzhen Metro will invest more than $1 billion in its support. This commitment not only eased the financial pressure of Vanke, but also stabilized the company’s share price and bond price to a certain extent.