Executive Departures Not a Sign of Problems, Vanke Boss Says

(Beijing) – The head of China Vanke Co. Ltd. says the property developer will forge on with changes made last year that required executives to hold stock in the company even as a second vice president announced his departure.

Vanke Vice President Mao Daqing said on March 8 he is leaving the company. Another vice president, Xiao Li, resigned in November to join the online property service company Fangdd.com. The two had worked at Vanke for more than a decade.