Fu Yuning, chairman of China Resources, has been thrust into the spotlight after the company was caught up in a widely watched power struggle with China Vanke, the country’s largest residential property developer. Photo: C. Y. Yu, SCMP.
For China Resources chairman Fu Yuning, ‘patriotism pays’ amid Vanke power struggle
Analysts say he sees property as a profit engine for his state-owned company, and that China’s largest housebuilder would provide good synergy for its real estate businesses
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China Vanke
Fu Yuning, chairman of China Resources, has been thrust into the spotlight after the company was caught up in a widely watched power struggle with China Vanke, the country’s largest residential property developer. Photo: C. Y. Yu, SCMP.
