Vanke secures loan, forms rental housing fund amid challenges

** China Vanke (SZSE:000002) is addressing its financial needs through a combination of strategic financing and asset management initiatives. The company has secured a 4.2 billion yuan loan from its largest shareholder, Shenzhen Metro Group, to repay principal and interest on publicly issued bonds, with an interest rate of 2.34%. The loan is facilitated by credit enhancements, initially guarantees from Vanke subsidiaries, and later, pending shareholder approval, potential asset-backed security of 6 billion yuan worth of assets.