In recent days, major financial groups in China have been discussing the possibility of Vanke facing a crisis. Last week, Vanke's US dollar bonds fell by as much as 60% within a week, which is truly frightening.

After some research, I found that if Vanke defaults on its debts, the companies most affected will be trust companies and insurance companies, such as CITIC Trust, China Resources Trust, Ping An Trust, and related insurance companies. I asked around and discovered that my family has Ping An's financial products, shivering with fear🫡.
Pay me back, everyone!