Vanke Pledges Entire Stake in Management Unit to State Backer

China Vanke Co. has pledged all of the shares it holds in a listed property management unit to Shenzhen Metro Group Co., giving the state shareholder one of its best...

By Charlie Zhu, Emma Dong, Ying Tian · Bloomberg

China Vanke Co. has pledged all of the shares it holds in a listed property management unit to Shenzhen Metro Group Co., giving the state shareholder one of its best assets as default fears pile up.