Vanke Denies Hainan Team Dissolution and Land Return Rumors

Cointime update: A senior executive at China Vanke’s Hainan regional unit said on November 11 that online rumors of the team’s dissolution and the company beginning to return land are “untrue.” The executive said the Hainan region has not seen team disbandment or exit from operations, with multiple projects under construction proceeding normally. Several employees who recently left Vanke Hainan also confirmed the claims were false.