BEIJING, March 4 (AsianFin) — China’s property developer Vanke on Monday denied that it had a cash crunch amid its share price tumble. "At present, the company has some funds overseas. Even without bank loans, it can cover this debt. We will consider the ratio of our own funds and bank loans used for repaying debts based on market changes and loan conditions," said Vanke regarding the maturity of a $630 million overseas bond on March 11. Both the A-share and H-share prices of Vanke experienced significant declines in Monday's trading. As of the press time, Vanke A-shares fell nearly 5%, and dropped over 7% in H-share market. According to market reports, there have been speculations that Vanke's senior management went to Beijing to discuss the extension of soon-to-mature non-standard debt with insurance companies. However, Xinhua Asset Management Co., Ltd. issued a public statement on Sunday, saying that the company has noted the unfounded information concerning its relationship with Vanke.