China regulator to ban Evergrande chair from securities market for life
Monday, 18 March 2024
Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life, a subsidiary of the company said Monday, adding the troubled firm would be slapped with a hefty fine. Evergrande "received an advance notice from the CSRC of administrative penalties and market bans targeting... illegal and illicit behaviours", said the filing.
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