Yu Liang, Vanke CEO, outside the company's Beijing headquarters
China Vanke is likely to name Citic Securities as the main bookrunner for the transfer of its Shenzhen-listed B-shares to the Hong Kong Stock Exchange, according to sources.
Citic is currently acting as financial adviser to Vanke on the highly awaited conversion, but sources say the firm will take on a more significant role. A spokesperson at Citic declined to comment.
It will not be a lucrative deal for the Beijing-based brokerage,...