Evergrande: China property developer and founder accused of £60bn fraud
9 months ago

Evergrande: China property developer and founder accused of £60bn fraud

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Troubled property developer ChinaEvergrande Group says Beijing’s stock watchdog has fined it 4.2 billion yuan for allegedly falsifying its revenue, among other violations, as it conducts a deep clean of the troubled financial sector. The company said in a release to mainland Chinese stock exchanges late Monday that its chairman, Hui Ka Yan, was fined 47 million yuan and banned from China’s markets for life. The fallout from the property crisis has also affected China’s shadow banking industry — institutions that provide financial services similar to banks but operate outside of banking regulations. A Chinese media report said police in Beijing had detained suspects, including senior executives, in a case related to asset management company Zhongzhi Enterprise Group.

History of this topic

China hands PwC a six-month ban and fine over audit of collapsed developer Evergrande
3 months, 1 week ago
China hands PwC a 6-month ban and fine over audit of the collapsed developer Evergrande
3 months, 1 week ago
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4 months ago
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10 months, 3 weeks ago
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10 months, 3 weeks ago
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10 months, 3 weeks ago
China Evergrande has been ordered to liquidate. The real estate giant owes over $300 billion
10 months, 3 weeks ago
Evergrande's liquidation could derail the Chinese economy and have global effects
10 months, 3 weeks ago
Why China Property Giant Evergrande Faces Liquidation
10 months, 3 weeks ago
China’s property giant Evergrande ordered to liquidate as debt talks fail
10 months, 3 weeks ago
Hong Kong court puts off Chinese developer Evergrande’s hearing on its debt restructuring to January
1 year ago
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
1 year ago
China Evergrande’s court hearing deferred to Dec 4; last chance for resolution
1 year, 1 month ago
China Evergrande winding-up hearing adjourned to Dec. 4 by Hong Kong court
1 year, 1 month ago
How Evergrande’s chief tried to turn things around—and failed
1 year, 2 months ago
China Evergrande soars after property developer’s stocks resume trading
1 year, 2 months ago
Trading of shares of heavily indebted property developer China Evergrande suspended in Hong Kong
1 year, 2 months ago
China Evergrande’s founder under investigation, shares halted
1 year, 2 months ago
Jinping’s housing crisis efforts jeopardized as Evergrande face trouble
1 year, 2 months ago
Chinese police detain wealth management staff at the heavily indebted developer Evergrande
1 year, 3 months ago
China: Police detain employees of cash-strapped real estate developer Evergrande amid financial crisis
1 year, 3 months ago
China's property giant Evergrande files for bankruptcy, Country Garden looking at USD 7.6 billion loss
1 year, 4 months ago
What does China Evergrande’s debt restructuring entail?
1 year, 4 months ago
Debt-ridden China developer Evergrande files for bankruptcy in US
1 year, 4 months ago
Can China’s Evergrande Group survive amid mounting debts, depleting resources?
1 year, 5 months ago
China Evergrande reports its debt rose to $340 billion in 2022. It plans meetings with creditors
1 year, 5 months ago
Heavily indebted Chinese developer proposes restructuring
1 year, 9 months ago
Chinese property giant Evergrande to pay $1.1 billion following indebtedness
2 years, 4 months ago
China's mortgage boycott is escalating. Now Evergrande suppliers have stopped paying bank loans
2 years, 4 months ago
China's Evergrande baffled (and worried) after lenders claim $2 billion in cash
2 years, 9 months ago
Evergrande says it is on track to restructuring after shares suspended and billions seized by banks
2 years, 9 months ago
Chinese property developer giant Evergrande stops trading on Hong Kong Stock Exchange
2 years, 9 months ago
Evergrande’s debt crisis: International creditors threaten legal action over ‘opaque’ restructuring process
2 years, 11 months ago
China Evergrande shares halted, set to release ‘inside information’
2 years, 11 months ago
After Evergrande, China’s Shimao reignites property sector fears
2 years, 11 months ago
China Evergrande reports progress completing homes
2 years, 11 months ago
Evergrande default signals volatility but no crash, analysts say
3 years ago
Evergrande can’t pay its debts. China is scrambling to contain the fallout
3 years ago
Chinese real estate behemoth Evergrande, one other firm default on $1.6 billion in bonds
3 years ago
Evergrande has defaulted on its debt, Fitch Ratings says
3 years ago

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