China regulator to ban Evergrande chairman from securities market for life
Tue, Mar 19, 2024 6:21 PM

China regulator to ban Evergrande chairman from securities market for life

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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.

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