Vanke's Hong Kong Shares Surge as New Chairman of Major Shareholder Shenzhen Metro Takes Helm, Reaffirming Support

Stock News07-02

Shares of CHINA VANKE (HKEX: 02202) experienced a significant intraday surge, climbing more than 7% at one point during the trading session. As of the latest update, the stock was up 5.19%, trading at HK$2.23, with a turnover of HK$76.43 million.

The movement follows a recent corporate announcement. On June 30, Shenzhen Metro Group issued a statement indicating that Huang Liping has been appointed Chairman of Shenzhen Metro Group Co., Ltd., while being relieved of his previous role as the group's General Manager. It is noteworthy that Shenzhen Metro Group is the largest shareholder of Vanke.

This leadership transition follows the resignation of former Vanke Chairman Xin Jie in October 2025 due to personal reasons, with Huang Liping subsequently taking over the chairman role at the property developer. Huang Liping has consistently voiced public support for Vanke in his capacity as both General Manager of Shenzhen Metro and Chairman of Vanke.

In his first public appearance as Vanke's Chairman at the company's shareholder meeting in November 2025, Huang Liping explicitly conveyed the major shareholder's backing. He stated that Shenzhen Metro would assist Vanke in managing risks in an orderly manner, overcoming current challenges, and steering the company back onto a path of healthy development.

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