Chinese police detain financial firm’s staff
Move came after property giant Evergrande’s financial arm missed payments for investment products
Chinese police have detained some employees of troubled property giant China Evergrande Group, two weeks after it again missed making payments on its investment products.
Shenzhen police said on September 16 said they had taken “criminal coercive measures against” suspects at the firm’s financial subsidiary, Evergrande Financial Wealth Management. It was the authorities’ first such move targeting the developer since it became embroiled in a liquidity crisis in 2021.
The police did not specify
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