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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Chinese authorities have taken action against executives at Zhongzhi Enterprise Group, a key player in China's shadow banking sector. Binance faces a $4.3 billion fine, with a $900 million installment due by March 25. Evergrande is fined 4.2 billion yuan for suspected fraudulent bond issuance and inflating revenues by 564 billion yuan.
Chinese authorities accuse Evergrande of inflating revenues by $80bn https://t.co/mH38Tr1TNQ
#China's securities regulator imposed 4.2 bn yuan fine on China Evergrande's unit Hengda Real Estate over suspected fraudulent behaviors. Hengda Real Estate inflated 2019 & 2020 revenue by total 564 bn yuan, said regulator.
JUST IN: #EVERGRANDE FINED 4.2 $CNY OVER SUSPECTED FRAUDULENT ISSURANCE OF CORPORATE BONDS ⚠️ Few questions here: 1 - How can they pay it 2 - If they can pay what’s left for creditors 3 - How many other companies meets the same criteria….. https://t.co/fjGcBesjJd https://t.co/LYvIxBDyYw
