On January 8, China Vanke Co.,Ltd. announced that Yu Liang submitted a written resignation report to the company's board of directors on January 8, 2026, resigning from his positions as director and executive vice president of the company due to reaching retirement age. Following his resignation from the aforementioned positions, Yu Liang will no longer hold any role within the company.
Yu Liang joined Vanke back in 1990, became a director in 1994, assumed the role of company president in 2001, served as chairman of the board of Vanke in 2017, and famously uttered the most resonant phrase of the past six years in 2019: "Survive." He resigned as chairman in January 2025.
As Shenzhen Metro came to the forefront, Xin Jie, the former Party Committee Secretary of Shenzhen Metro and Chairman of Vanke, took the helm and implemented sweeping reforms at Vanke: abolishing the regional hierarchy to shift from regional jurisdiction to direct management; optimizing functional centers, with the group headquarters adding 11 new functional centers such as the Audit and Supervision Center and the Human Resources Center to strengthen risk control and strategic operations. The core change was a shift from decentralization to centralization, significantly weakening local authority.
Concurrently, a major shakeup occurred in the core management team. Board Chairman Yu Liang, President Zhu Jiushang, and Board Secretary Zhu Xu collectively resigned. Yu Liang's role changed to Group Executive Vice President, Zhu Jiushang no longer held any position at Vanke, and Zhu Xu moved to work in the Long-term Rental Apartment Business Unit.
Xin Jie succeeded Yu Liang as the new Chairman of the Board of Vanke Group. Yu Liang, Li Feng, Hua Cui, and Li Gang were appointed as Group Executive Vice Presidents, while Tian Jun took over as Board Secretary. Shenzhen Metro Group assumed comprehensive control of Vanke.
However, in October of this year, the market revealed that Xin Jie was taken away while attending a meeting in Shenzhen on September 18 and had not made any public appearances since; his desk at the Shenzhen Vanke headquarters remained vacant. The situation was clarified on October 12 when Xin Jie resigned for personal reasons.
It must be said that Vanke has been facing turbulent times over the past two years, with Shenzhen Metro providing loans exceeding 20 billion yuan to Vanke. Furthermore, there were recent reports that Vanke's debt resolution would follow a market-oriented approach. Since December, Vanke has experienced a sell-off in both its stocks and bonds, while debt extensions have been continuously progressing.
Speaking of Vanke, its former chairman, Wang Shi, has also recently been embroiled in a public opinion crisis.
Recently, Tian Pujun cleared all photos with Wang Shi from her social media accounts, sparking widespread speculation online about the status of their marriage. Rumors circulated that Tian Pujun and Wang Shi had divorced, to which Tian Pujun responded to Sina Finance, stating: "It's false."
Public information shows that during Wang Shi's tenure as Chairman of Vanke from 2006 to 2017, his annual salary reached a maximum of 15.9 million yuan. After retirement, he was originally eligible to receive approximately 10 million yuan per year, but he voluntarily gave up this entitlement in 2024.
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