China Vanke Shares Jump
China Vanke's shares jump on fresh state support, management reshuffle
A management reshuffle at China Vanke that reinforced government support sent the developer's shares higher on Tuesday, as investors cheered the removal of near-term default risks and hoped it would bring some stability to the struggling property sector.
China Vanke Shares Jump as Management Reshuffle Raises Government Bailout Hopes
Shares of China Vanke jumped after key management changes fueled hopes that the government is stepping in to rescue the troubled property developer. The company's stock gained as much as 14% to HK$6.43 in early trade in Hong Kong on Tuesday,
China Vanke ... greater control of the management of Vanke. Vanke’s new chairman will be Xin Jie, the head of its biggest shareholder, an entity owned by the government of Shenzhen, where ...
Simply sign up to the Chinese business & finance myFT Digest -- delivered directly to your inbox. Leading Chinese property developer Vanke has forecast ... The developer, partly owned by local ...
Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record ...
Zhu "will no longer hold any position within the company", the firm said. Hong Kong-listed Vanke is part-owned by the government of Shenzhen and was China's fourth-largest real-estate firm by ...
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