Vanke Probe Widens as Executives Detained, Deepening China Property Woes

Vanke Probe Widens as Executives Detained, Deepening China Property Woes

A widening anti-corruption probe into China Vanke, a leading Chinese real estate developer, is sending shockwaves through the country’s embattled real estate sector, an analyst says. In recent days, reports have emerged that multiple current and former Vanke executives have been detained or placed under investigation, triggering anxiety within the company’s management ranks and fueling speculation about a broader political and financial reckonin…