HONG KONG -- Property developer China Vanke was hit by falling share prices and a credit rating downgrade on Friday, as speculation swirled over the status of its President and CEO Zhu Jiusheng.
Equities
China Vanke shares sink amid speculation over top exec's whereabouts
Moody's cuts developer's credit ratings, citing liquidity deterioration and sluggish sales
Zhu Jiusheng, the president and CEO of China Vanke, attends a news conference in Hong Kong in 2019. His fate remains uncertain after state media reported that he had been taken away by authorities. (Photo by Bloomberg/Getty Images)
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