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China Evergrande shares tumble 25% after wealth management staff detained https://t.co/lK7mccwqMA pic.twitter.com/GVLwpG049q
— Reuters (@Reuters) September 18, 2023
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China's police took several staffers at Evergrande Wealth Management into custody, Shenzhen's Nanshan police bureau said on Sept. 16. The troubled property developer's financial arm defaulted on CNY34 billion (USD4.7 billion) principles and interests as of the end of last year. pic.twitter.com/PluU3lOJaJ
— Yicai 第一财经 (@yicaichina) September 18, 2023
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weehingthong 
It’s a stark reminder of how the financial world can sometimes feel like a high-stakes drama.