TMTPOST -- Chinese real estate giant Vanke has received another financial lifeline from its largest shareholder, Shenzhen Metro Group, as state support intensifies amid continued debt challenges in the property sector. According to a company announcement late on May 14, Shenzhen Metro will provide a RMB 1.552 billion ($215 million) shareholder loan to help Vanke repay principal and interest on its public market bonds. The loan carries a 3-year term with a 2.34% annual interest rate, below China’s one-year Loan Prime Rate (LPR), and includes flexible repayment terms—allowing early repayment or extension. Repayments will be made semiannually, with 0.5% of principal repaid every six months and 97% due at maturity. This marks the fourth such loan Vanke has received from Shenzhen Metro this year.