# Clawback Policy

Austerity in the C-Suite: Vanke Institutionalizes Executive Accountability Amid Property Downturn

China's Vanke has implemented a restrictive new compensation structure for 2026, mandating that performance-based pay exceed 50% of total earnings and introducing its first-ever clawback mechanism. The policy formalizes a period of deep austerity for the company, which has seen executive payouts collapse by 88% since 2020.