The Chinese authorities have moved decisively against leaders of Evergrande Group, the property company whose collapse is at the heart of the country’s financia
Multiple current and former executives of China Evergrande Group and its subsidiaries have been swept up in investigations as authorities look into whether the embattled conglomerate has violated rules over the use of funds, according to sources with knowledge of the matter, reports Caixin. Pan Darong, a previous chief financial officer of the group, has…
(Bloomberg) Fresh drama at property developers including China Evergrande Group is jeopardizing President Xi Jinping’s latest efforts to end the housing crisis. Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesCostco Offers Members $29 Online Health Care VisitsBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIndia-Canada Clash Should Be a Wake-Up CallDimon Warns World May Not Be Ready for Fed at 7%, TOI SaysJust as China enters