Behind Vanke Overseas's Welcome to Sun Jia: Wang Shi's "People Around Him" Were "Exiled"?

November 23, 2019: On November 22, a news said that Sun Jia was appointed as the overseas chairman of Vanke.

Who is Sun Jia? Pulling back the time to the "Ten Thousand Treasures Dispute" period of that year, the hero who saved Vanke from the autumn of critical survival was Sun Jia. Its lead to the introduction of Shenzhen Metro became a strategic shareholder of Vanke, and enabled Vanke to repel Baoneng Yao's boss's plot against the board of directors. After this incident, in March 2016, Sun Jia was also justifiably promoted from vice president to executive vice president, and concurrently served as chief financial officer and chief financial officer.

Second, about "Sun Jia". Anecdotal sources said that Sun Jia was the successor of Vanke's "prince" who had the highest voice, and he was also the "person around him" when Wang Shi ran to all sides in the "Battle of Ten Thousand Treasures".

Specific news shows that on November 22, Vanke Overseas (1036. HK) issued a statement saying that Zhang Xu has resigned as chairman and executive director of the company and no longer serves as a member of the company's nomination committee. With effect from 23 November 2021, Sun Jia was appointed as Chairman, Executive Director and member of the Nomination Committee.

According to the announcement, on the date of the announcement, Sun Jia has entered into a letter of appointment with Vanke Overseas for a period of three years, which will be held until the first general meeting of shareholders of the company after his appointment, and shall be retired and re-elected in accordance with the articles of association of the company. Either party may terminate the appointment by giving not less than two months' notice. According to the terms of the above letter of appointment, Mr. Sun will be entitled to receive HK$200,000 per annum for directors' robes during his term of office.

According to the data, Sun Jia, 43 years old, graduated from the School of Economics of Peking University in 2001. He graduated from Harvard Business School in 2007. Jia Sun joined Vanke Enterprise Co., Ltd. in 2007 and became the general manager of its strategy and investment management department in 2008. In 2010, he was appointed as the general manager of Xi'an Vanke Enterprise Co., Ltd. Since 2012, he has been the general manager of Shanghai Vanke Enterprise Co., Ltd. and was appointed as the vice president of Vanke Enterprise in 2015. In March 2016, he was appointed as the Executive Vice President, Chief Financial Officer and Chief Financial Officer of Vanke. He is currently the Chief Partner and Chief Executive Officer of Southern Regional Business Group and the Chief Partner of Vanke Shenzhen Corporation.

It is worth mentioning that the last time Sun Jia was "degraded" to May 2019, he resigned as the executive vice president of Vanke and became the CEO of the Southern Regional Business Group, as well as the senior vice president. And this start may be traced back to the scene of the 2017 Mid-Term Report. "I've only been chairman for two months, can you let me sit a little longer?" You are hurting Sun Jia by saying this", this is Yu Liang's answer to the question of the next president at the 2017 Vanke China News Conference. After that, on January 30, 2018, Zhu Jiusheng took over the baton of president.

Industry insiders told China Net Finance that it is reasonable for Sun Jia to be "exiled" now.

(Zhonghua Net Finance Comprehensive Text/Scattered Water)

This article originated from China Net Finance