China regulator to ban Evergrande chair from securities market for life

Beijing (AFP) Mar 18, 2024

Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds of financial fraud, a subsidiary of the company said Monday. Heavily indebted Evergrande has become a potent symbol of the years-long crisis in China's property market, a crucial pillar of growth in the world's second-largest economy. The company has struggled to repay cr