11. Managing with Simplicity, Transparency, System and Responsibility

Established in 1984, China Vanke Co. Ltd., is the largest residential property developer in the People’s Republic of China (PRC). Vanke annually provides homes for more than 400,000 households, and had a total sales revenue worth 140 billion RMB by the end of 2012. Vanke has focused on major regions such as the Pearl River Delta, Yangtze River Delta and Bohai-Rim region, and now has a business presence in more than 60 cities across China. Since its stock market launch in 1991, the company’s revenue and net profit have grown at compound annual rates of 30.2 % and 34.3 %. Forbes identified Vanke as one of the most admired Chinese companies, and as the best Asian company. Internationally renowned media such as Investor Relations (now IR), The Asset and Asiamoney (now GlobalCapital Asia) have presented the company with awards for ‘Best Corporate Governance’ and ‘Best Investor Relations.’