Vanke is undergoing an unprecedented overhaul of its management team, marking the beginning of a new phase of deep management by state-owned assets.
On the evening of February 5, the first day of the Spring Festival, Vanke issued a significant announcement regarding the division of responsibilities within its management team. Thus, the new power distribution map of Vanke is gradually becoming clearer.
Xin Jie (appointed Chairman of the Board of Vanke on January 27, 2025, replacing Yu Liang), presides over the overall work of the group.
Xie Dong (Chairman of the Supervisory Board, Chairman of the Trade Union, a veteran figure at Vanke), presides over the Supervisory Board and Trade Union work, supervising the work of Boshan, Pengjin, and the financial advisory division, as well as handling historical legacy issues.
Yu Liang (Executive Vice President of Vanke), assists the Chairman of the Board in carrying out work, responsible for strategic and macro research in real estate.
Li Feng (appointed Executive Vice President of Vanke on January 27, previously General Manager of Shenzhen Tianjian Real Estate), responsible for the management of development and operation business, overseeing the development and operation division.
Hua Cui (appointed Executive Vice President of Vanke on January 27), responsible for group office affairs, party and mass management, human resources, discipline inspection and audit supervision, legal affairs, overseeing the group office, party and mass work department, human resources department, audit supervision department, discipline inspection office, legal department, and Vanke Technology Company.
Li Gang (appointed Executive Vice President of Vanke on January 27), responsible for the management of the group's operational service business, overseeing the property division, commercial division, long-term rental apartment division, overseas division, hotel and resort division, food division, logistics division, office division, and Inly Company.
Previously, Li Feng, Hua Cui, and Li Gang were all leading cadres of Shenzhen Metro Group.
Han Huihua (Executive Vice President of Vanke, responsible for finance), responsible for the group's financial management, capital management, internal control management, taxation, and related work, cooperating in communication with financial institutions and regulatory agencies, overseeing the financial capital management department.
Liu Xiao (Executive Vice President of Vanke), responsible for group strategy and research, investment transactions and revitalization, business operation management, asset planning and management, technology empowerment, overseeing the group strategic investment operation management department, leading the exit from non-core businesses, resource revitalization, and bulk asset transactions.
Zhang Hai (General Manager of Vanke's Development and Operation Division), responsible for the related work of the Development and Operation Division.
Zhu Baoquan (General Manager of Vanke's Property Division), responsible for the related work of the Property Division.
Sun Jia (General Manager of Vanke's Commercial Division, President of Inly Company), responsible for the related work of the Commercial Division and Inly Company. Cooperating with the finance head in communication with financial institutions and relevant regulatory agencies.
Tian Jun (appointed Secretary of the Board of Vanke on January 27, replacing Zhu Xu), responsible for the daily operations of the group's board of directors, investor relations, information disclosure, communication with securities regulatory agencies, ESG management, and leading the handling of historical legacy issues related to Boshan and Pengjin, overseeing the board office and financial advisory division.
Earlier on February 5, Vanke also issued an internal announcement regarding the appointment of several senior executives, involving core positions in the strategic investment operation management department, financial capital management department, legal department, and various development and operation headquarters in Beijing and East China
These newly appointed personnel all come from the Shenzhen state-owned assets system.
Zhao Zhengyang is proposed to be the general manager of the Strategic Investment Operations Management Department, currently serving as the deputy general manager of Shenzhen Asset Management Co., Ltd.
Xiao Jinghua is proposed to be the general manager of the Financial Fund Management Department, currently an expert at Shenzhen Metro Group.
Shang Deliang is proposed to be the general manager of the Legal Affairs Department, currently a full-time supervisor at Shenzhen Metro Group and a supervisor at Shenzhen Special Zone Construction Group Co., Ltd.
Wang Zhiyu is proposed to be the general manager of the Beijing Regional Management Department, currently the deputy general manager of Shenzhen Metro Real Estate, with cross-border experience in construction engineering and real estate management.
Chen Wu is proposed to be the general manager of the East China Regional Management Department, currently the general manager of Guangzhou Tianjian Xingye Real Estate Development Co., Ltd., excelling in regional market expansion.
Wan Mei is proposed to be the deputy director of the Group Office, currently the director of the Discipline Inspection and Supervision Office/Supervisory Board Office of Shenzhen Municipal Design Institute.
Yan Botong is proposed to be the deputy general manager of the Strategic Investment Operations Management Department, currently the assistant general manager of Shenzhen Small and Medium Guarantee Venture Capital Co., Ltd., a promising expert in investment and financing management.
Duan Jun is proposed to be the deputy general manager of the Strategic Investment Operations Management Department, currently the deputy general manager of Shenzhen Metro Real Estate Group, with a background in civil engineering from Tsinghua University and knowledge of real estate development.
Li Haiyang is proposed to be the cost director, currently a senior supervisor at Shenzhen Metro Property, with experience in cost and project management.
Guo Wei is proposed to be the safety director, currently the safety director of Shenzhen Railway Investment Construction Group, deeply engaged in engineering safety management.
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The arrival of this group of state-owned asset elites signifies that Vanke is undergoing a &#34;state-owned&#34; reconstruction from the inside out. Especially with the Strategic Investment Operations Management Department, which Vanke considers its core department, appointing a general manager (Zhao Zhengyang) and two deputy general managers (Yan Botong and Duan Jun), it may indicate that Vanke will increase its efforts in asset restructuring and equity cooperation.
Regarding these changes, reporters contacted Vanke for details, but Vanke has not yet responded.
It is noteworthy that reviewing two internal documents from Vanke dated February 5, it can be observed that some positions at Vanke have set up two management teams. For example, Xiao Jinghua is proposed to be the general manager of the Financial Fund Management Department, but at the same time, Han Huihua still serves as the financial head. For instance, Shang Deliang is proposed to be the general manager of the Legal Affairs Department, while the current chief partner of Vanke's Legal Affairs Department is Qiu Dan. Additionally, not long ago, under Yu Liang's leadership, Vanke appointed a new head for the Beijing region, Cao Jiangwei, and now Wang Zhiyu is proposed to be the general manager of the Beijing Regional Management Department.
From a benchmark private enterprise to state-owned assets becoming the largest shareholder and then to deep state-owned participation, Vanke is undergoing a critical transformation. Transitioning to a state-owned model has become Vanke's best choice at present.
The head of the Shenzhen State-owned Assets Supervision and Administration Commission emphasized that the assets of municipal state-owned enterprises exceed 5 trillion yuan, with annual revenue exceeding 1 trillion yuan, providing sufficient &#34;bullets&#34; to support the Metro Group in promoting Vanke's stable development. Shenzhen, Guangdong, and relevant national departments actively support Vanke in stabilizing production and operations. Shenzhen will also coordinate assets, funds, and resources, continuously, in batches, and gradually reduce the Metro Group's asset-liability ratio through direct capital injection and asset allocation, enhancing its liquidity and supporting it to better play the role of Vanke's largest shareholder
Senior researcher Song Ding from the National High-end Think Tank CDI believes that such statements carry significant weight and clearly indicate a safety net, while the new management team will certainly take all necessary measures to address the debt issue.
Xinjie, the newly appointed chairman of Vanke's board, previously stated that with strong support from all parties and major shareholders, the new management team will actively implement a &#34;package&#34; plan and is confident in achieving stability in Vanke's team, finances, and operations. The company has already made arrangements for debt repayment in the first quarter of this year.
It is reported that this &#34;package&#34; reform plan covers asset revitalization, debt optimization, business focus adjustment, and management mechanism innovation. In terms of asset revitalization, the focus will be on core businesses and the cleanup of non-core assets; for debt optimization, a combination of state-owned capital assistance and market-based financing will be introduced; regarding business focus adjustment, there will be a return to the residential main business with cautious expansion into new ventures; and for management mechanism innovation, a governance model combining state-owned capital and market-based incentives will be introduced.
Wang Shi, the founder of Vanke, has given a positive evaluation of this change, believing that it is the national team stepping in to help. Can Vanke, under the pressure of a 45 billion yuan loss and massive debt, find a way out with the support of state-owned capital? It is worth looking forward to.
Author of this article: Xu Qian, Source: China Real Estate News, Original title: &#34;Vanke's Major Changes: State Capital Takes Full Control&#34;
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Vanke is undergoing a major management overhaul, with state-owned assets taking full control. On February 5th, Vanke announced the division of responsibilities for the new management team, with Xin Jie serving as the chairman of the board, Xie Dong responsible for the supervisory board, Yu Liang assisting the chairman of the board, and executive vice presidents Li Feng, Hua Cui, Li Gang, and others overseeing various businesses. This change marks Vanke's entry into a new phase of deep management by state-owned assets

- Vanke is undergoing a significant management overhaul, marking the beginning of a new phase of deep state-owned enterprise management.  
- On February 5, Vanke announced new responsibilities for its management team, with key appointments from the Shenzhen state-owned system, indicating a shift towards "state-owned" restructuring.  
- The new leadership aims to stabilize the company amid substantial debt and losses, with a comprehensive reform plan focusing on asset management, debt optimization, and a return to core residential business.

Vanke's Major Change: State-Owned Assets Fully Take Over