Police arrest employees of Evergrande unit


Police in Shenzhen said they have arrested several employees of a subsidiary of property giant Evergrande.

They said in a statement that they had arrested employees at Evergrande’s financial subsidiary, Evergrande Wealth Management, without specifying the number of employees or the charges against them.

The statement called on the public to report any cases of suspected fraud to the authorities.

Some of the mainland’s biggest property developers have drawn scrutiny recently because of their debt levels.

Evergrande had estimated debt of US$328 billion at the end of June, and Country Garden narrowly avoided default in recent months, after reporting a record loss and debts of more than US$150 billion.





Source link

Visited 1 times, 1 visit(s) today

Related Article

Developing | Hong Kong CityU chief Freddy Boey quits post 2 years earlier than expected

Developing | Hong Kong CityU chief Freddy Boey quits post 2 years earlier than expected

The head of Hong Kong’s City University, Professor Freddy Boey Yin Chiang, has resigned with immediate effect for personal reasons, leaving his post two years earlier than expected. The university expressed its gratitude to Boey, a Singaporean, for his contributions to CityU during his three years as president. “The executive committee of the [university’s] council

24 April 2026

LexisNexis introduces Protégé General AI in Hong Kong, expanding secure, integrated access to general purpose AI for legal professionals

HONG KONG, April 24, 2026 /PRNewswire/ — LexisNexis® Legal & Professional, a leading global provider of AI‑powered analytics and decision tools, today announced the availability of LexisNexis Protégé™ General AI for customers in Hong Kong. Protégé General AI is available within Lexis+® Hong Kong, expanding the personalised agentic AI capabilities of Protégé to provide secure access

24 April 2026
Henderson’s winning bid to run harbour event space could boost Central’s access

Henderson’s winning bid to run harbour event space could boost Central’s access

A winning bid involving Henderson Land Development to operate a major Hong Kong harbourfront event space has expanded the developer’s footprint in Central to three prime locations, a situation that experts have said could result in greater accessibility and more visitors from surrounding commercial properties. Central Grand, a 50:50 joint venture formed by Henderson and

24 April 2026
Ex-manager of crypto firm Huobi acquitted of moving millions into Tether account

Ex-manager of crypto firm Huobi acquitted of moving millions into Tether account

A former senior manager at a major Chinese cryptocurrency exchange has been acquitted by a Hong Kong court of secretly moving five million Tether, with a market value of about HK$39 million (US$5 million), to his own accounts six years ago. A seven-member High Court jury reached the verdict on Friday to find Chen Boliang,

24 April 2026
#legendgiveaway: Weekend dinner buffet for two at Cordis, Hong Kong

#legendgiveaway: Weekend dinner buffet for two at Cordis, Hong Kong

A lucky winner stands to win a dinner buffet for two at The Place at Cordis, Hong Kong The Place at Cordis, Hong Kong unveils a new buffet theme – “East-West Taste Voyage” – bringing together flavours from Europe and Asia in one spread. Guests can indulge in a refined mix of European classics from

24 April 2026
Tai Po fire probe: water pressure could only reach 20th floor, commander says

Tai Po fire probe: water pressure could only reach 20th floor, commander says

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. The head of the Fire Services Department will give evidence on the 19th day of evidential hearings into Hong Kong’s deadliest fire in decades, becoming the most senior official to testify to date. Director

24 April 2026

Recognition for Hong Kong Showpiece

HKGC Captain Andy Kwok received the award from Wade Ormsby, a two-time Hong Kong Open winner. Singapore: The Link Hong Kong Open and the venerable Hong Kong Golf Club (HKGC) have once more been honoured at the annual Asian Tour Awards. VIPs, sponsors and officials were present for a glamorous evening at the Equarius Hotel

24 April 2026
Images of the Day: Duty Zero by cdf’s Whisky Dreamscape lights up Hong Kong International Airport : Moodie Davitt Report

Images of the Day: Duty Zero by cdf’s Whisky Dreamscape lights up Hong Kong International Airport : Moodie Davitt Report

Our regular feature, brought to you in association with Duty Free Global from Ireland, celebrates memorable scenes, moments, launches and campaigns related to the global aviation and travel retail sphere. Duty Zero by cdf transformed its Hong Kong International store into a gateway to the Highlands, inviting travellers to taste whiskies from leading Scotch distilleries

24 April 2026
A visitor takes in the “Design100: Design People Life” exhibition at Shenzhen Bay Culture Square. Photo: Sun Yeung

Value, space and style pull Hongkongers to Shenzhen’s new cultural hotspots

Hongkonger Dominique Li and his wife spent a two-day break earlier this month in Shenzhen to soak up the cultural vibe, a short getaway they said would not be their last. The 45-year-old engineer, who lives in Tin Shui Wai in the northwestern New Territories, was particularly drawn to a new landmark, Shenzhen Bay Culture

24 April 2026
Luke Ching working as a transit cleaner at Tai Wai train station on March 31, 2023. Photo: Kyle Lam/HKFP.

Oxfam’s living wage for HK set to rise to HK$64 per hour from Oct

Oxfam Hong Kong is to raise the city’s living wage to HK$64 per hour from October 1. A transit cleaner at Tai Wai train station on March 31, 2023. File Photo: Kyle Lam/HKFP. Originating in the UK as a global movement in 2011, the living wage refers to a wage that allows employees and their

24 April 2026
Biotech firms bet on Hong Kong for regional headquarters

Biotech firms bet on Hong Kong for regional headquarters

Visitors look at new buildings in Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone on Dec 22, 2025. (ADAM LAM / CHINA DAILY) At least 17 international biotechnology companies have established operations in Hong Kong this year, with several having set up Asia-Pacific headquarters in the city — drawn

23 April 2026
Cathay Pacific Reveals The Wing, First Lounge in Hong Kong

Cathay Pacific Reveals The Wing, First Lounge in Hong Kong

All images via Cathay Pacific Cathay Pacific has unveiled its newly redesigned flagship lounge, The Wing, First, at Hong Kong International Airport (HKG), marking a new chapter in the airline’s premium ground experience. Reopening to customers on April 22, the refreshed lounge introduces a warmer, more human-centered approach to dining, privacy, and wellness. Part of

23 April 2026
Terry Wong, chief executive of HKSTP, says the Global Connect – Global Innovation Exchange is a new platform intended to bring together international networks, delegations and innovation communities for collective growth.

Hong Kong made a new go-to as global tech gateway

[The content of this article has been produced by our advertising partner.] A new international network, Global Connect – Global Innovation Exchange (GIE), was set to facilitate scale-ups win business, raise capital and find partners as they move between Hong Kong, the Chinese mainland and overseas markets. Unveiled in March by the Hong Kong Science

23 April 2026
Speakers from Cathay, AIA Hong Kong and Macau and Nan Fung Group share insights on scaling AI and upskilling the workforce.

From pilots to productivity: AI finds its footing in business

[The content of this article has been produced by our advertising partner.] AI-enabled solution providers and corporate gathered at Hong Kong Science Park on March 24 to examine real-world use cases of AI as it shifts from experimental pilots into connected, operational systems across multiple sectors. The “Connected Intelligence: AI & Robotics Across Industries” event

23 April 2026
Hong Kong fire services declined Tai Po alert over confusion fears, inquiry hears

Hong Kong fire services declined Tai Po alert over confusion fears, inquiry hears

Hong Kong’s fire services declined to activate an emergency alert during the city’s deadliest inferno in decades, citing concerns that it might have caused confusion among trapped residents, a public inquiry has heard. An independent committee investigating last year’s disaster at Wang Fuk Court was also told on Thursday that the system, which would have

23 April 2026
Hong Kong’s Langham group among first to invest in Beijing’s ‘city of the future’ Xiongan

Hong Kong’s Langham group among first to invest in Beijing’s ‘city of the future’ Xiongan

A hotel operator’s planned entry into Xiongan New Area southwest of Beijing highlights a tentative but growing alignment between Hong Kong’s private sector and the state-backed development project, as leaders renew efforts to accelerate the zone’s transformation into a hi-tech growth hub. Hong Kong-based Langham Hospitality Group, a wholly owned subsidiary of Great Eagle Holdings,

23 April 2026
All Hong Kong public universities make Asian league table top 100 for first time

All Hong Kong public universities make Asian league table top 100 for first time

For the first time, all eight Hong Kong public universities have been ranked among the top 100 in a widely watched Asian league table, with the city’s two oldest tertiary institutions ranking among the region’s top 10. Phil Baty, chief global affairs officer of Times Higher Education (THE), also highlighted Hong Kong’s role as a

23 April 2026
0
Would love your thoughts, please comment.x
()
x