Sponsored Ad | Levenstein Crypto Conference - Leaderboard

China fines Evergrande's flagship unit $577m for fraudulent bond issuance

China fines Evergrande's flagship unit $577m for fraudulent bond issuance

FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo

China has fined China Evergrande’s onshore flagship unit 4.18 billion yuan ($577 million) for fraudulent bond issuance and illegal information disclosure, the China Securities Regulatory Commission (CSRC) said on Friday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter