News

Evergrande fined for securities fraud

Share
Copied!

Published: March 20th, 2024,
Last updated: May 28th, 2025

Aerial view of Evergrande Metropolis in Huaian, Jiangsu Province.

Hengda Real Estate, a central unit of the China Evergrande Group, is suspected of inflating its revenues by almost 75 billion euros over two years. As reported by Nikkei Asia and others, the China Securities Regulatory Commission has leveled this accusation against the highly indebted company. The property developer reportedly then issued bonds based on this false information. 

Sign up now and continue reading immediately

No credit card details required. No automatic renewal.

Share
Copied!
Immobilienkrise