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China is investigating whether founder of Evergrande attempted to transfer assets offshore

Last week the news hit that China had placed the Chairman of troubled property firm Evergrande 'under police control'.Of all the lovely places in China to spend this holiday week 'under police control' is not one of them. The Wall Street Journal now reports that China Evergrande's billionaire chairman and founder Hui Ka Yan is being investigated:people with knowledge of Beijing’s decision-making said authorities are investigating whether Hui Ka Yan attempted to transfer assets offshore while the...
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Content Topics
China
Investigating
Whether
Founder
Evergrande
Attempted
Transfer
Assets
Offshore
Forex
Posted: Oct 2 2023, 01:16
Author Name: forexlive
Views: 082935