China: Evergrande president soon banned for life from stock markets. In January, a Hong Kong court ordered the liquidation of the most indebted real estate developer in the world, to the tune of more than 330 billion US dollars (305 billion euros) The judgment will conclude that Xu Jiayin “made decisions and organized the implementation of financial fraud, using particularly heinous means and in particularly serious circumstances” Hengda Real Estate “will also receive a warning and a fine of 47 million yuan”.
Or nearly 5.9 million euros.