Wang Shi， founder of China抯 real estate giant Vanke Co Ltd， stepped down as chairman and the company抯 president Yu Liang took his place on June 30. Earlier in June， Shenzhen Metro became Vanke抯 largest shareholder. This marks the end of a high-profile battle for control of the company that started in July 2015， when Baoneng Group began to buy Vanke shares.

The two-year battle， dominated by conflicts between capital and industry， corporate governance and public opinion， and business and politics， has profoundly changed Vanke， a company that achieved success under its professional executives. Cooperating with the original management and finding a way to balance top-down decision-making with delegating authority will be major challenges for Shenzhen Metro.