Mei Ri Jing Ji Xin Wen·2025-09-17 14:55Core Viewpoint - Vanke has announced its largest organizational restructuring in recent years, marking a significant change following the full acquisition by Shenzhen Metro Group [1] Organizational Structure Changes - Vanke has shifted from a three-tier management model to a two-tier model, eliminating regional management levels and creating 16 city companies directly managed by the headquarters [3] - The previous regional companies, such as East China, Southern, Beijing, Southwest, and Central China, have been restructured into city-specific entities [3] - The headquarters has established eight business divisions focused on operational activities, including property, commercial and hotel, long-term rental apartments, and logistics [3] Management Changes - Key management personnel remain unchanged, including Chairman Xin Jie and several executive vice presidents, but a new financial director, Bu Lingqiu, has been appointed [3] - Bu Lingqiu has a background in finance from Shenzhen Metro Group and has previously held positions in various municipal engineering companies [4] Financial Support and Borrowing - Shenzhen Metro Group has provided Vanke with a loan of up to 2.064 billion yuan to repay bond principal and interest, with a borrowing rate of 2.34% [4] - This marks the ninth instance of Shenzhen Metro providing loans to Vanke within the year [4] - As of the end of July, Vanke reported short-term borrowings of 23.146 billion yuan and non-current liabilities due within one year of 134.713 billion yuan [7]