The allegations from China’s securities regulator will put Evergrande at the center of a fraud case that dwarfs scandals from Luckin Coffee or Enron.
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Evergrande founder Hui Ka Yan was once China’s richest person. Beijing now accuses him of inflating his company’s revenue by almost $80 billion
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China seen leaving benchmark lending rates unchanged in March
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China visit sees $105 billion iron ore exports on the brink
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China tightens regulations on consumer finance companies
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China accuses Evergrande Group of $78 billion fraud, among worst ever
It fuels concern about how widespread such accounting issues are, just as the new China Securities Regulatory Commission chairman is trying to tighten oversight …
Hong Kong stocks slip on weak Chinese corporate earnings, with Wuxi Apptech, Wuxi Biologics, Xpeng leading decline
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China’s bonds boom as investors face ‘asset famine’
A record-breaking rally in Chinese sovereign debt is hitting a fever pitch in another sign China’s financial system is low on confidence and overflowing with cash and bank deposits.
China’s Top Diplomat Wang Yi to Meet With Australian Business Leaders
China’s Foreign Minister Wang Yi will hold closed door meetings with Australian business leaders and policy experts on Wednesday as part of his first visit to the country in more than seven years.
China lags in efforts to achieve 2025 green steel goals, analysts say
Spent 21 years in China as a correspondent covering energy, mining, the country’s war on pollution and the growing impact of climate change on cities and ecosystems, as well as the outbreak and …
China’s Longi says it will lay off about 5% of employees
China’s Longi Green Technology Energy, the world’s largest solar manufacturer, said in a statement on Tuesday that it will lay off about 5% of its employees. “Currently, the solar photovoltaic …
China Accuses Evergrande of $78 Billion Fraud, Among Worst Ever
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
