Persistent weakness in China’s housing market will weigh on results from China
Vanke Co., Country Garden Holdings Co. and China Overseas Land & Investment
Ltd.. Vanke is under scrutiny after seeking to delay a bond payment while
considering restructuring. Developers face a ~20% drop in 2026 sales, with
headwinds extending into 2027. Major state banks may expand lending 7–8.5%,
while pay reforms could cut senior bankers’ bonuses by at least 30%.