Evergrande chair banned from securities market

By Agence France-Presse

Mar 20, 2024 12:14 am

BEIJING: 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 on Monday.

Heavily indebted Evergrande has become a potent symbol of the yearslong crisis in China's property market, a crucial pillar of growth in the world's second-largest economy.

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