Evelyn Yu

Moody's Ratings stripped state-backed developer China Vanke Co. of investment-grade credit rating and warned of potential further cuts, predicting credit metrics and liquidity will weaken because of falling home sales and funding uncertainties.

China's securities regulator imposed a fine of 47 million yuan ($6.5 million) on China Evergrande Group's former chairman and founder, Hui Ka Yan, after he was caught out in fraudulent behavior.

(Bloomberg) -- China’s securities regulator imposed a fine of 47 million yuan ($6.5 million) on China Evergrande Group’s former chairman and founder, Hui Ka Yan, after he was caught out in fraudulent behavior.Most Read from BloombergApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesPutin Warns Russia Won’t Stop After Predictable Election WinSaudi Wealth Fund Is in Talks to Acquire National AirlineChina’s Growth Bump May Dent Urgency for More StimulusWorld’s Top Solar Firm Longi Plan

(Bloomberg) -- China's securities regulator imposed a fine of 47 million yuan ($6.5 million) on China Evergrande Group's former chairman and founder, Hui Ka Yan, after he was caught out in fraudulent behavior.

China’s securities regulator imposed a fine of 47 million yuan ($6.5 million) on China Evergrande Group’s former chairman and founder, Hui Ka Yan, after he was caught out in fraudulent behavior.

The former chairman of China Evergrande Group , the defaulted developer at the heart of China's real estate crisis, was accused of inflating business revenue by more than $78 billion over two years, according to the nation's top securities regulator.

China's President Xi Jinping plans to meet with a number of US business chiefs next week in conjuction with an annual forum in Beijing, according to the Wall Street Journal.

Chinese hotels with three-star ratings or more have been told to accept payments with foreign bank cards, as the government tries to make it easier for visitors to travel in the country and give the

China slammed a US plan to impose new restrictions on its steel and aluminum products, saying it will take action to protect the country’s interests.

China's securities regulator said it will encourage listings by the nation's companies in Hong Kong as it unveiled a package of measures to bolster the city's position as an international financial hub.