Yu Liang steps down as the legal representative of Vanke! Huang Liping takes over

Today, Tianyancha’s information shows that Vanke recently underwent a corporate change, with Yu Liang stepping down as the legal representative and being replaced by Huang Liping.

Huang Liping has served as a director of Vanke since June 2021 and became Chairman of Vanke in October 2025, succeeding Xin Jie. He is currently the Deputy Secretary of the Party Committee, Director, and General Manager of Shenzhen Metro Group.

In January of this year, Yu Liang submitted a written resignation to the company’s board of directors, citing reaching retirement age, resigning from his positions as director and executive vice president, and no longer holding any position at Vanke.

It is noteworthy that Shenzhen Metro Group became Vanke’s largest shareholder as early as 2017 and completed a significant adjustment to Vanke’s management team by January 2025. However, this is the first time an executive with Shenzhen Metro Group’s background has served as Vanke’s legal representative. Historically, Vanke has had three legal representatives: Wang Shi, Yu Liang, and Huang Liping. Xin Jie, who succeeded Yu Liang as Chairman of the Board, has not served as Vanke’s legal representative.

Generally, the legal representative is usually the Chairman, Executive Director, or General Manager of the company, but their focus differs. As the “personification” of the company in legal terms, the legal representative bears primary responsibility for the company’s operations in legal and administrative matters.

“As a major shareholder, Shenzhen Metro Group will continue to support Vanke’s healthy development in accordance with market-oriented and rule-of-law principles,” Huang Liping, who first appeared publicly as Vanke’s Chairman at the shareholder meeting last November, reaffirmed Shenzhen Metro Group’s support for Vanke. In January this year, Vanke A received another loan of up to 2.36 billion yuan from Shenzhen Metro Group, which industry analysts believe is used to support the extension of Vanke’s MTN004 and MTN005 bonds.

This month, Vanke is about to disclose its 2025 annual report. The previously announced performance forecast indicates that the company will continue to experience losses. Vanke stated that during the reporting period, it delivered 117,000 homes, maintained steady revenue from its operational services business, and actively promoted cost reduction and efficiency improvement in development operations. However, the company still faces severe challenges, and its operating performance will remain under pressure.