Zhongzhi Enterprise Group, one of mainland China’s largest shadow banks, has warned investors that it is unable to repay its debts, setting off alarm bells in the trust sector which …
Joseph Lau Luen-hung, a property magnate and one of Hong Kong’s wealthiest men, said high interest rates are forcing businesspeople to recalculate their investments and potential returns. The Hong Kong-listed …
With chairman and founder Hui Ka-yan under “ arrest”, the future of China Evergrande – the nation’s biggest corporate debtor – is up in the air. Can the property developer …
Hui Ka Yan, chairman of China Evergrande Group. (Photo by Paul Yeung/Bloomberg) © 2019 Bloomberg Finance LP Hui Ka Yan, the billionaire chairman of China Evergrande Group, has been placed …
Evergrande’s embattled billionaire chairman Hui Ka Yan (Photo by VCG/VCG via Getty Images) VCG via Getty Images China Evergrande Group is now facing major uncertainties in its efforts to restructure …