DONGGUAN, China May 28 China Vanke Co Ltd
, the country's top residential aims to list in Hong
Kong in the second half of June, part of its effort to expand
its business overseas and tap the offshore capital market.
Vanke's president, Yu Liang, speaking to reporters at its
research and development centre in the southern Chinese city of
Dongguan, also said the golden era for the country's property
market has passed and he sees no bubble forming.
The company has joined a host of Chinese developers in
stepping up its overseas ventures at a time when tighter
liquidity, oversupply and slowing transactions on the mainland
are fuelling worries over the outlook for the country's property
($1 = 6.2392 Chinese yuan)
(Reporting by Clare Jim; Editing by Anne Marie Roantree and