Evergrande Founder "Under Police Control" ...

[shri]

From Bloomberg, via The Standard...

Hui was taken away by Chinese police earlier this month and is being monitored at a designated location, the people said, asking not to be identified because the matter is private.

It’s not clear why Hui is under so-called residential surveillance, a type of police action that falls short of formal detention or arrest and doesn’t mean Hui will be charged with a crime. Still, the measure means he is unable to leave the location, meet or communicate with others without approval, based on China’s Criminal Procedure Law. Passports and identification cards must be handed to police but the process shouldn’t exceed six months, according to the law.

https://www.thestandard.com.hk/break...tion/3/208647/

[moctapxe]

Keep building and buyers will come. China population is decreasing, why not open up immigration with free unbilled house or just pay for the construction costs for those willing to be live in China and spread their roots. 2 problems solved. Privacy, info access, finding a job will be an issue.

[aw451]

Keep building and buyers will come. China population is decreasing, why not open up immigration with free unbilled house or just pay for the construction costs for those willing to be live in China and spread their roots. 2 problems solved. Privacy, info access, finding a job will be an issue.

The main issue is that it's an ethnostate. They don't really want foreigners permanently settling and there is little attraction for foreigners to permanently settle.

[ndt]

Evil forces settling in Ghost towns!! Deadly combo for horror movie for ........................

[shri]

Evergrande (3333) announced last night that its chairman, Xu Jiayin, has been subjected to compulsory measures in accordance with the law on suspicion of committing a criminal offence. Mainland media Tencent News quoted sources as reporting that Xu's "ex-wife" Ding Yumei had bought a plane ticket to leave Hong Kong immediately after learning that a mainland entrepreneur had been placed under border control because of Xu, but her whereabouts were not yet known.

and

In addition, the domestic media "21st Century Business Herald" quoted the analysis pointing out that, among the more than 90 billion RMB dividends accumulated by Evergrande Group, the offshore companies in BVI and Cayman Islands, which are 100% controlled by Xu Jiayin and Ding Yumei respectively, have got the majority of the dividends through China Evergrande and have been transferred to the overseas countries both before and after the risk, that is to say, through the operation of "Technical Divorce", it eventually falls into the pocket of Ding Yumei, who is his ex-wife outside of the country.

Translated by DeepL ... there might be some inaccuracies...

https://finance.mingpao.com/fin/inst...1695959798571/

[MABinPengChau]

Giving him the opportunity to quietly off himself if he so chooses, and maybe his family already fled the country if they were able to. Ask Jack Ma how things are going...

[huja]

China is a strange place right now. No one wants to be poor, but it's dangerous to be too rich.

[huja]

Giving him the opportunity to quietly off himself if he so chooses, and maybe his family already fled the country if they were able to. Ask Jack Ma how things are going...

China is a strange place right now. No one wants to be poor, but it's dangerous to be too rich.

This is my comment from more than four years ago on the Longform Journalism thread.

Okay, I'm going to let you peek at my homework/book report. Fan Bingbing getting busted is not so much about Fan Bingbing getting busted. It's more that the Xi/CCP has reached some sort of tipping point that's hard put your finger on. It's the fear and chaos that an entire industry - movie (and perhaps country) feels when someone as big as her gets slapped down. The formally understood grey-area where rich/powerful/famous Chinese could be more equal (to borrow George Orwell's phrase from Animal Farm) than other Chinese has been redrawn or maybe even done away with.

[Mirindix]

Hui Ka Yan's Wife Flees HK before Hui Taken away, Gets Several Tens of Billions Yuan by Technical Divorce: Hearsay AASTOCKS Financial News - Positive News

Can almost imagine a vast number of people from both the rural and urban parts of the country - who scrambled their savings to buy property from this brand name company - standing in front of untouched land plots or incomplete structures, while the wifey makes an escape with a last fat dividend paid offshore...

Yea, such a nice and innocent guy