Vanke Property

China Vanke's Yu Liang disappointed some share buyers yesterday over the outlook for the company's Hong Kong arm. Photo: Paul Yeung

China Vanke says no plans for global role for Hong Kong arm

Shares of the Hong Kong-listed company had risen more than 17 per cent since the beginning of the year to yesterday's close of HK$15.02, as investors bought the idea that it could be used as an offshore investment division of China Vanke, the mainland's biggest developer.