Vanke A on Tuesday announced that its largest shareholder, Shenzhen Metro Group Co., Ltd. (Shenzhen Metro), will provide the company with a loan of up to CNY 1.666 billion to repay principal and interest on bonds issued in the public market.

The loan term will not exceed three years, and the interest rate will be the 1-year Loan Prime Rate (LPR) published by the National Interbank Funding Center on the business day prior to each drawdown, minus 66 basis points, currently 2.34%.

Vanke stated that the loan rate follows market principles and is lower than the company’s current borrowing costs from financial institutions, reflecting strong support from its major shareholder. The company emphasized that this related-party transaction does not harm the interests of the company or minority shareholders and will not negatively affect its current or future financial position or operating results.

The announcement also disclosed that since the beginning of 2025, Shenzhen Metro has cumulatively lent Vanke CNY 29.13 billion (excluding this loan). Including the new loan of up to CNY 1.666 billion, the total loans from Shenzhen Metro to Vanke have reached CNY 30.996 billion.