Even a State-Linked Giant Can't Duck China's Real-Estate Crisis

China Vanke’s Hong Kong-listed shares have lost two-thirds of their value over the past year. That is bad news for those hoping the worst is over for China’s real-estate market.

China Vanke’s Hong Kong-listed shares have lost two-thirds of their value over the past year. That is bad news for those hoping the worst is over for China’s real-estate market.