Caixin
Jun 23, 2017 06:15 PM
FINANCE

Opinion: Shadow Banking Lurks Behind China’s High-Profile Takeover Bid

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The failed hostile takeover of China Vanke, the world's largest property developer by revenue, shows that shadow banking should no longer be outside the scope of the nation's regulators. Photo: IC
The failed hostile takeover of China Vanke, the world's largest property developer by revenue, shows that shadow banking should no longer be outside the scope of the nation's regulators. Photo: IC

Shortly after a years-long tussle that fended off a hostile takeover bid, China Vanke Chairman Wang Shi’s job looks done.

On Wednesday, Wang said he is stepping down from the top job in the world’s largest property developer by revenue. Yao Zhenhua, founder of hostile bidder Baoneng Group, however, is still embroiled in the superleveraged deal he engineered.

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Wang Shuo

Wang Shuo is the editor-in-chief of Caixin Media, China's leading business and finance media group. He won the State Street Institutional Press Award in 2014, was named a Young Global Leader by the World Economic Forum in 2012, and a Yale World Fellow in 2016. He’s also been honored as a young leader at major forums like Boao and Tallberg.