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Chinese police detain Evergrande’s wealth management staff

Chinese police detain Evergrande’s wealth management staff
Evergrande is one of China's massively indebted property developer firms in the maelstrom of a property market crisis that is dragging on China’s economic growth. The group is undergoing a restructuring plan, including offloading assets, to avoid defaulting on $340 billion in debt.News is crossing that some staff at the firm's wealth management unit have been detained by local police in Shenzen. Summary of news items:Shenzhen police said authorities “took criminal coercive measures against suspe... Read More
Posted: Sep 17 2023, 21:48
Author Name: forexlive
Views: 092127

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