Xin Lang Cai Jing·2025-09-17 13:01Core Viewpoint - Vanke has implemented its largest organizational restructuring in recent years, which includes changes to its management team and a new organizational structure [1][5]. Group Structure - The new organizational structure consists of a headquarters, regional companies, and business divisions [1]. - The headquarters is divided into the Board Office, Group Office, and 11 centers, with Xin Jie as Chairman and Yu Liang as Executive Vice President [3]. - The regional companies include 16 entities such as Beijing Company, Tianjin-Hebei Company, and Shanghai Company [3]. - The business divisions encompass eight diversified sectors, including property, commercial and hotel, long-term rental apartments, and logistics [3]. Management Team Updates - The updated management team includes key figures such as Xin Jie (Chairman), Xie Dong (Union Chairman), Yu Liang (Executive Vice President), Li Feng (Executive Vice President), and Han Huihua (Executive Vice President and CFO) [3][5]. - Other notable appointments include Li Gang as General Manager of Beijing Company and Zhang Hai as Chief Product Officer [5]. Organizational Changes - The significant change in this restructuring is the dissolution of the Development and Operations Headquarters, transitioning from a "5+2+2" structure to 16 regional companies directly managed by the headquarters [5]. - The last major personnel change occurred earlier in the year when Yu Liang resigned as Chairman but continued as a board member and Executive Vice President [5]. Financial Support - On September 16, Vanke announced that its largest shareholder, Shenzhen Metro Group, provided a loan of up to 2.064 billion yuan to repay bond principal and interest [6]. - This loan has a term of no more than three years, with an interest rate of 2.34% [6]. - This marks the ninth loan from Shenzhen Metro Group to Vanke this year, totaling nearly 26 billion yuan [6].