Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
Vanke told brokerages that it’s making plans to resolve liquidity pressure and short-term operational difficulties. The firm is preparing an asset package totaling about $18 billion to use as collateral as it seeks new bank loans, people familiar with the matter said earlier this month.