CHINA: China Vanke lost 2.26 percent after suspending stock option plan - 10 Jan 2010

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 China Vanke (000002.SZ) lost 2.26 percent to 10.36 yuan after
saying it had suspended a stock option plan for its staff as the
company failed to achieve its performance target. As such, a
total of 46.55 million of Vanke's A shares, reserved for the
scheme, would be sold onto the stock market.

 "Worries over looming property tax changes damped the
property sector while brokerages surged on expectations new
business will lift sentiment," said Xu Yinhui, senior analyst at

Guotai Junan Securities in Shanghai. He added that the pace of new share supply had not eased
compared with late last year. The government had permitted more
share supply in December to curb the risk of asset bubbles.