Evergrande Xu Jiayin Under Investigation for Crimes – Now What?

The two-year-long saga of Evergrande Group’s financial meltdown has reached a dramatic peak. On the evening of September 28, China Evergrande Group, listed in Hong Kong, announced that its Chairman, Xu Jiayin, is under investigation for suspected illegal activities and has been subjected to mandatory measures. Several other senior executives of Evergrande are also being investigated.

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