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Current and former Evergrande execs face probe

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…
Xia Haijun Pan Darong China Evergrande Group Hong Kong Listed Evergrande Evergrande Financial Wealth Management

Teetering China Property Giants Undercut Xi's Push to End Crisis

(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 Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesCostco Offers Members $29 Online Health Care VisitsBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapIndia-Canada Clash Should Be a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 ...
Xia Haijun Li Daokui Zhi Wei Feng Chen Wenjing Bloomberg Businessweek Asia Pte
Source: yahoo.com

Teetering China property giants undercut Xi's revival push • BusinessMirror

Fresh drama at property developers including China Evergrande Group is jeopardizing President Xi Jinpingโ€™s latest efforts to end the housing crisis. Just as China enters a key holiday sales season, a raft of headlines are weighing on already-frail confidence in the property market. Evergrande said it has to revisit its debt restructuring plan and a
Pan Darong Xia Haijun Karl Shen Zhi Wei Feng Chen Wenjing Charles Chang

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