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flag Vanke's chairman resigns amid worsening liquidity, with Huang Liping taking over as sales and profits plummet.

flag China Vanke announced Chairman Xin Jie’s resignation less than a year after his appointment, with Board Director Huang Liping named as his successor. flag Huang, also general manager of Shenzhen Metro—the company’s largest shareholder—takes over amid ongoing liquidity struggles. flag Vanke reported a first-half loss of 11.95 billion yuan, worsening from the prior year, and has relied on 23.88 billion yuan in loans from its state-backed parent since January. flag The company’s shares dropped 4.8% to HK$4.96, outpacing broader market declines. flag Despite government-backed home purchase subsidies, sales remain weak, with Citi forecasting a 35% year-on-year drop in October. flag Markets await further stimulus as China’s property sector continues to face deep challenges.

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