Chinese Real Estate Developer's CFO Abruptly Departs Company

China-based Xinyuan Real Estate Company Ltd. announced today that's chief financial officer will depart the company tomorrow, November 15, 2013.

The company made the abrupt announcement today in a press release. CFO Kevin Wei has reportedly advised the company that he is departing as chief financial officer "due to personal reasons relating to the roles and responsibility of his position".

Wei will reportedly stay as an advisor to the company through April 2014 while Helen Zhang, the company's financial controller will be Wei's interim replacement.

Xinyuan is a developer of residential real estate projects focused primarily in Chinese cities of Zhengzhou, Ji'nan, Suzhou, Kunshan, Xuzhou, Chengdu and Hefei.

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