Vanke Elects New Board, Appoints Chairman at 2026 Extraordinary Shareholders Meeting
Vanke held its first extraordinary shareholders meeting of 2026 on July 31, electing the 21st board of directors and appointing Xu Enli as chairman and Huang Yu as president. The company delivered approximately 23,000 homes in the first half of 2026, with an overall collection rate exceeding 90% during peak delivery periods, and activated more than RMB 15 billion in inventory value through various measures. Controlling and reducing losses remains a core operational objective for 2026.
On July 31, Vanke held its first extraordinary shareholders meeting of 2026, reviewing and approving resolutions related to board re-election and electing the 21st board of directors. Huang Liping, Huang Yu, Lei Jiangsong, Xu Enli, Yao Fei and Zhu Zhiqiang were elected as non-independent directors, while Huang Yaying, Liao Zibin, Wang Weiguo and Yang Zhao were elected as independent directors. At the first meeting of the new board held the same day, Xu Enli was elected chairman and Huang Yu was reappointed as president. After stepping down as chairman, Huang Liping continues to serve as a director on the 21st board.
On the 21st board, apart from Huang Liping and Huang Yu, Lei Jiangsong currently serves as a member of the Party Committee and deputy general manager of Shenzhen Metro Group, Yao Fei serves as a member of the Party Committee and deputy general manager of Shenzhen Investment Holdings, and Zhu Zhiqiang serves as deputy Party secretary, director and general manager of Shenzhen Capital Operations Group. All of these companies are institutions within the Shenzhen state-owned assets system. According to the announcement of the new board's resolutions, Vanke's executive vice presidents and board secretary remain the same team as since early 2025, including executive vice presidents Li Feng, Hua Cui and Li Gang, executive vice president and chief financial officer Han Huihua, and board secretary Tian Jun.
The new chairman, Xu Enli, is 51 years old, holds a master's degree in management and has the title of senior engineer. From 2020 to 2024, he served as a member of the Party Committee and deputy general manager of Shenye Group, concurrently serving as Party secretary and chairman of Shenye Land and Shenye Commercial Management. From November 2024 to July 2026, he served as Party secretary and chairman of Shenzhen Expressway Group, and joined Vanke in early July 2026. The new president, Huang Yu, took up his post at the same time, having previously served as deputy director of the Office of the Shenzhen Municipal Financial Committee and deputy director of the Municipal Local Financial Administration Bureau. Before this board re-election, Huang Liping had already taken up the post of Party secretary and chairman of Shenzhen Metro Group.
Controlling and reducing losses remains one of the company's core operational objectives for 2026. In the first half of 2026, Vanke's development business delivered approximately 23,000 homes, with an overall home collection rate exceeding 90% during peak delivery periods. Through various measures, it activated inventory value of more than RMB 15 billion. Ten public bonds completed risk mitigation through partial repayment combined with extension arrangements.
The next-stage work directions determined by Vanke at this shareholders meeting include: on the operational front, optimizing asset structure and quality, and improving city and project layout through activation of existing assets; on the debt front, focusing on stabilizing existing financing, orderly mitigating maturity repayment pressure, exploring diversified market-based solutions, and advancing debt optimization based on actual circumstances.