China Vanke faces turmoil as Chairman Yu Liang and CEO Zhu Jiusheng resign amidst a projected $6.2 billion loss for 2024, its ...

China Vanke Co.’s chairman and chief executive officer are both stepping down in an abrupt move after the embattled developer ...

The state-owned subway operator is Vanke’s largest shareholder. The developments underscore the sense of alarm at the Shenzhen-based developer, which has taken center stage in China’s prolonged ...

A management reshuffle at China Vanke that reinforced government support sent the developer's shares higher on Tuesday, as ...

Xin Jie, the chairman of its major state-owned shareholder Shenzhen Metro, will become Vanke's chairman, signalling increased state oversight on expectations that the government would step in to ...

Analysts cautioned, however, that it remained to be seen to what extent the local government of Shenzhen is planning to help Vanke ease its financial stress, and said if its liquidity problems ...

Shares of China Vanke jumped after key management changes fueled hopes that the government is stepping in to rescue the troubled property developer.

Vanke said in a filing with the Hong Kong stock exchange on Monday. The new chairman Xin Jie is also chairman of state-owned Shenzhen Metro Group, the developer’s largest shareholder.

Vanke had previously been viewed as insulated from China's broader property market turmoil given it is backed by major state-owned shareholder Shenzhen Metro while other crisis-hit developers are ...