Vanke gets RMB 2.8 billion loan from state-owned shareholder
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Authorities are doubling down on their message that Vanke is too big to fail.
In a Monday filing, Vanke said it has secured an RMB 2.8 billion loan from its biggest shareholder, state-owned Shenzhen Metro Group (HKEX).
The three-year loan will go toward repaying Vanke’s outstanding debt.
The loan’...