Evergrande Wealth Unit Staff Detained by Chinese Police
China police detain staff at Evergrande wealth unit. Evergrande’s insurance subsidiary is to be taken over by a state-owned insurer. Evergrande has been in crisis since 2021, with debts exceeding $300 billion. Employees of troubled property developer Evergrande’s wealth management division have been arrested by law enforcement in Shenzhen, located in southern China. In a … Read more