Vanke to transfer non-RMB share trading to HK

China Vanke Co Ltd, the country's largest property developer by revenue, aims to strengthen its globalization strategy after announcing a plan to move trading of its non-renminbi shares to Hong Kong, the company's top management said on Monday.

The property developer said late on Friday that its non-renminbi B shares will move, making it the second firm to leave the mainland's B-share market in Shenzhen.

"After 30 years of development, our going-global strategy has been on the agenda. And access to an open international capital market is highly necessary for such a strategy," said Tan Huajie, Vanke board secretary.