Former China Vanke chairman Yu Liang has been ‘out of contact’
The hazards of business failure in China are in the spotlight today on news reports that former Vanke boss Yu Liang has disappeared after his retirement earlier this month. Also in the news, China Evergrande liquidators are expected to field offers for the collapsed developer’s property management unit as soon as this week, while Hong Kong’s luxury housing surge gathers pace.
Vanke’s Yu Liang Has Disappeared Since Retirement Earlier This Month
Former China Vanke chairman Yu Liang has become the latest illustration of the price of failure in mainland business, with mainland media outlet Caixin reporting that Yu has been “out of contact” since his retirement on 8 January.
The report regarding Yu, who had stepped down as chairman in January 2025 before leaving the company this month, comes just one year after Chinese authorities detained former Vanke CEO Zhu Jiusheng. In October 2025 Xin Jie, who had replaced Yu Liang as Vanke chairman at the beginning of the year, resigned from the company amid reports that he also had been detained. Read more>>
Offers for Evergrande Property Management Unit Expected This Month
Liquidators of China Evergrande are expected to receive binding offers from buyers for the firm’s Hong Kong-listed property management unit as soon as the end of this month, according to people familiar with the matter.
Private equity firms including Trustar Capital are evaluating whether to move ahead with a bid for Evergrande Property Services Group, said the people, who asked not to be named discussing private matters. At least one Guangdong-based state-owned buyer is also considering making a proposal, the people said. Read more>>
Buyers Snatch Up $95M in Hong Kong Luxury Homes in One Day
Hong Kong’s property market on Monday logged HK$740 million ($94.9 million) worth of luxury home deals, one of the city’s largest single-day hauls, as the residential segment shakes off a multi-year slump.
Records from the Land Registry showed that five upscale homes — from areas such as Mid-Levels, Wan Chai and Sai Kung — changed hands in deals valued between HK$93 million and HK$238 million. Read more>>
China’s Tencent Plans Middle East Data Centre Expansion
Tencent plans to expand its data centre footprint in the Middle East, a top executive at the Chinese tech giant told CNBC, as the company looks to boost its cloud computing business outside China.
Dowson Tong, CEO of Tencent’s cloud group, said the company plans to expand the number of “availability zones” — locations designated as sites for potential clusters of data centres — for its cloud services over the next 12 to 18 months, in countries across Asia Pacific, Europe and the Middle East. In the Middle East, Tencent is “actively” exploring building data centres to service cloud customers, Dowson said. Read more>>
ANZ Bank Set to Consolidate Singapore Team in Marina One
ANZ Group Holdings plans to bring its Singapore staff together under one roof in the second half of the year, combining employees from two offices in a new city-centre location, according to people familiar with the matter.
ANZ is making the move to the Marina One complex because its existing lease at Ocean Financial Centre is set to expire soon, according to a separate memo viewed by Bloomberg. As such, the Australian bank aims for the new shared workspace “to better support how we work today and into the future”, it said. Read more>>
Sumitomo-Managed REIT Apologises for Violating Fiduciary Duty
The manager of Tokyo-listed Sosila Logistics REIT this week issued an apology after having received an administrative action from Japan’s Financial Services Agency last month for violating its fiduciary obligations under the Financial Instruments and Exchange Act and subsequently receiving a warning from a real estate industry organisation.
The Association for Real Estate Securitization had warned the REIT manager on Monday for “inappropriate real estate appraiser selection process” and “inappropriate influence over real estate appraisers”. Read more>>
Japan’s Hankyu Hanshin in JV to Develop Dallas Homes
Hankyu Hanshin Properties said Tuesday that it has partnered with US developer Bridge Tower Homes to develop 97 detached homes near Dallas.
The project in Corinth, Texas, 50 kilometres (31 miles) northwest of central Dallas, is scheduled to be completed in 2028 and marks Hankyu Hanshin’s first detached housing project in the US. Read more>>
SGX-Listed Sasseur REIT Rejects Acquisition of Xi’an Mall From Sponsor
Sasseur REIT has turned down an offer to acquire a retail outlet mall from its sponsor, the trust’s manager said Tuesday.
The offer was made pursuant to a right of first refusal agreement, as the sponsor, Sasseur Cayman Holding, seeks for the property to be acquired by a commercial REIT to be established and listed on the Shanghai Stock Exchange. Read more>>
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