China Vanke tussle is big test for new securities regulator

A bitter shareholder row at China's largest property developer is a first big test for the country's new securities chief, appointed earlier this year to heal the wounds of last year's stock market meltdown and restore investor confidence. A high-profile takeover tussle at China Vanke Co Ltd has shone a light on risky shadow lending products known as Asset Management Plans (AMPs) used by Vanke's top investor Baoneng Group to finance its stakebuilding - fuelling investor concern over the more wid