When the project building was nearing completion and about to start collecting rent, Shenzhen Metro Group transferred its entire 60% share to Yuanwei Enterprises.
Shenzhen Metro Group completely transferred up to 60% of the state-owned shares in the Dongmen Old Street overhead property project to Yuanwei Industry, turning the project into private property for the elite.
Yuanwei Industrial, controlled by Qi Qiaoqiao and Deng Jiagui, and Shenzhen Metro Group jointly established Shenzhen Metro Yuanwei Commercial Development Co., Ltd., getting involved in Shenzhen Metro's above-ground property development.
When the air rights property project above Shenzhen Dongmen Old Street subway station was established, Shenzhen Metro Group held 60% equity, and Yuanwei Industrial held 40%.
The Shenzhen Municipal Government hired the Shenzhen branch of China Development Bank as its financial advisor, and during the relevant period, the Shenzhen branch of China Development Bank signed a 30 billion yuan credit line with the Shenzhen Municipal Government.