China Vanke says no plans for global role for Hong Kong arm

Shares of the Hong Kong-listed company had risen more than 17 per cent since the beginning of the year to yesterday's close of HK$15.02, as investors bought the idea that it could be used as an offshore investment division of China Vanke, the mainland's biggest developer.

via Business feed http://www.scmp.com/business/china-business/article/1160658/china-vanke-says-no-plans-global-role-hong-kong-arm