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China's securities regulator has imposed fines and bans on China Evergrande Group's chairman, Hui Ka Yan, for fraudulent activities. The regulator fined Hui Ka Yan and the company for inflating revenue by billions of yuan, leading to one of the largest financial fraud cases in history.
Chinese developer Evergrande is accused by regulators of inflating its revenue by $78 billion. https://t.co/udKHJCkxmG
🔴 CHINA TO ISSUE 23B YUAN IN 50-YEAR FIXED-RATE GOVERNMENT BONDS.
An alleged 564 billion yuan fraud discovered during an official probe into the main subsidiary of bankrupt property developer China Evergrande highlights the growing risks to its financial and legal advisers https://t.co/5fBCPEeeSx
