China Vanke CEO Zhu Jiusheng was detained by public security authorities on Wednesday and a Shenzhen government task force has stepped in to oversee the property developer's operation, state media ...

China Vanke warned Monday of a loss of 45 billion yuan, equivalent to around $6.2 billion, for 2024, and said Chairman Yu Liang and Chief Executive Officer Zhu Jiusheng will resign.

In addition to Liang, Chief Executive Officer Zhu Jiusheng is also stepping down. Jiusheng cited "health reasons" for his decision. Unlike Liang, Jiusheng will not retain any positions within the ...

State media reported CEO Zhu Jiusheng detained on Wednesday; Govt task force overseeing Vanke operations, state media says; State-backed Vanke's HK shares fall 9%, down 4% in Shenzhen ...

Zhu Jiusheng, CEO of Vanke, was "taken away by public security authorities", the Economic Observer reported, citing sources. Hong Kong-listed Vanke, which is part-owned by the government of ...

Chinese outlet the Economic Reporter this month cited sources as saying that CEO Zhu Jiusheng had been "taken away by public security authorities", but did not specify whether he had been formally ...

HONG KONG (Reuters) -Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng stepped down as it forecast a record $6.2 billion net loss for 2024, as concerns over ...

Zhu Jiusheng, the chief executive, would resign “due to health reasons,” the company said. The changes mark an effort by the local government to take greater control of the management of Vanke.

Vanke has seen a shakeup of its top management, including the resignation of its CEO Zhu Jiusheng on January 27 which the company said was "due to health reasons". That month, ...

China Vanke's CEO Zhu Jiusheng has been detained, prompting a Shenzhen government task force to oversee the company. Vanke may face a government takeover amid its financial struggles, exacerbating ...