25 September 2018

China Vanke denies banking tie-up with Tencent, paper says

Property developer China Vanke Co. Ltd. (000002.CN) has dismissed market rumors that it is forging a partnership with internet giant Tencent Holdings Ltd. (00700.HK) to set up a private bank called Qianhai Bank, a name registered with the State Administration for Industry and Commerce for such a purpose back in June 2013, the 21st Century Business Herald reported Tuesday. Meanwhile, Tencent, which has established six companies with a combined registered capital of 1.6 billion yuan (US$264.076 million) at the Qianhai special financial zone in Shenzhen, said it had no comments to make regarding the news, the report said.

– Contact HKEJ at [email protected]



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