The Evergrande Crisis: Xu Jiayin Investigated for Alleged Offenses - How to Handle Over a Million Uncompleted Properties?
The long-delayed "Evergrande" financial crisis, which has been unfolding for two years, reached a climax on the evening of September 28th. China Evergrande Group, listed in Hong Kong, announced that its Chairman of the Board, Xu Jiayin, is under investigation for alleged illegal activities and has been subjected to legal measures. Several senior executives of Evergrande are also under investigation alongside Xu Jiayin.
