Shenzhen tightens grip on Vanke with leadership shakeup
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The Shenzhen government is tightening its grip on embattled developer Vanke.
On January 27, Vanke announced that Xin Jie, chairman of the state-owned Shenzhen Metro Group – Vanke’s majority shareholder – had replaced Yu Liang as Vanke’s chairman (Caixin 1).
According to Vanke, Yu resigned as chairm...