China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion
Posted inBuilding (Construction) China China Evergrande Group China Securities Regulatory Commission Fines (Penalties) Frauds and Swindling Hong Kong Real Estate (Commercial) Regulation and Deregulation of Industry Securities and Commodities Violations Shenzhen (China)

China Evergrande Founder Accused of Exaggerating Revenue by $78 Billion

China’s securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in the country’s financial markets for life.
China’s Country Garden Faces Winding Up Petition In Hong Kong
Posted inChina China Evergrande Group Country Garden Credit and Debt Foreign Investments Hong Kong Hong Kong Stock Exchange International Relations Real Estate (Commercial) Real Estate and Housing (Residential) Real Estate Brokers Stocks and Bonds

China’s Country Garden Faces Winding Up Petition In Hong Kong

Country Garden was once China’s biggest developer but ran out of money. A lender is taking it to court in Hong Kong, a sign of continuing market distress.
China’s Investors Are Losing Faith in Its Markets and Economy
Posted inBanking and Financial Institutions Censorship China China Economy Coronavirus (2019-nCoV) Economic Conditions and Trends Foreign Investments Hong Kong International Relations Layoffs and Job Reductions Li Keqiang Politics and Government Stocks and Bonds Tencent Holdings Ltd Unemployment

China’s Investors Are Losing Faith in Its Markets and Economy

As their losses pile up, Chinese investors are losing confidence not only in the stock market but in the government’s ability to turn the economy around.