Vanke Readies $18 Billion of Assets as Collateral for New Loans

China Vanke Co., the Chinese state-backed developer that’s become the latest flashpoint in the nation’s property crisis, is preparing an asset package totaling about 130 billion yuan ($18 billion) to use as collateral as it seeks new bank loans, people familiar with the matter said.

A company executive told analysts about the plan at an investor event on Sunday, the people said, asking not to be identified as the matter is private. Separately, some of Vanke’s regional units are setting up teams for potential asset sales, one person familiar with the matter said.

The company mentioned the investor event ...