At its 2025 annual meeting Vanke said it completed 31 large asset transactions
across office, retail, apartment and hotel sectors, signing a total of 11.3 bln
yuan. The company said it exited its ice-and-snow business in 2025 and, with
partner CITIC Jinshi, set up a housing-rental fund to acquire the Xiamen Boyu
Yuan'er–Haiwan Community project in a 2.6 bln yuan deal, marking a pre-REITs
breakthrough in long-term rental apartments.