HONG KONG -- China Vanke Group on Monday announced the resignations of its top two executives, with immediate effect, as the property developer warned of steep losses for last year.
In the latest sign of lingering pains in China's real estate sector, Chairman Yu Liang and President and CEO Zhu Jiusheng both stepped aside due to personal reasons, the company said in filings to the stock exchanges in Hong Kong and Shenzhen.
