Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
China’s securities regulating agency announced on Monday that it had banned the founder of real estate giant Evergrande from the securities market and accused the company of $78 billion fraud.
The announcement on Monday of Hui’s lifetime ban from securities trading shed some light into China’s potential criminal charges against him and Evergrande. According to the state-runpropaganda outlet, the China Securities Regulatory Commission accused him of “deciding and organizing financial fraud with particularly malicious means that have had severe consequences, according to the CSRC.”
The near deserted Evergrande City Plaza shopping mall, developed by China Evergrande Group, in Beijing, China, on Wednesday, Jan. 31, 2024. China Evergrande Group creditors are set to recover just a fraction of the billions of dollars worth of the builder’s debt they hold, with most of its assets likely hard to access for liquidators. Source: Bloomberg
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's housing minister says real estate developers must go bankrupt if necessaryChina’s struggling property developers won’t be getting a major bailout, authorities indicated, warning that those who “harm the interests of…
Read more »
Stocks are mixed as China scrambles to avoid major real estate developer bankruptcyChina stocks are mixed as the country scrambles to avoid major real estate developer bankruptcy. Hong Kong stocks added 0.2%, extending their gains for a fourth consecutive day, while the Shanghai Composite Index dropped 0.5%. The smaller market in Shenzhen also shed 0.5%.
Read more »
CT Tamburello says 'nothing real happened' in showmance with Phaedra Parks on The Traitors'The Challenge' star CT Tamburello finally reveals that 'nothing real happened' in his showmance with Phaedra Parks on 'The Traitors' season 2.
Read more »
New real estate opportunity brewing as some Americans opt to rent, CEO saysPost Brothers CEO Michael Pestronk discusses the renters market in big cities as the thought of being a forever renter attracts millennials and empty nesters.
Read more »
Calabasas teen says classmate not disciplined for sharing real and fake nude images of herA 16-year-old Calabasas High School student alleges her former friend shared real and AI-generated nude images of her to classmates - and has not faced any consequences.
Read more »
Jazz coach says Keyonte George has a chance to be a 'real star'Big scoring nights are starting to become old hat for Keyonte George.
Read more »