The chairman of a Hong Kong-listed developer controlled by China’s largest privately owned investment group abruptly stepped down this week, on the same day that the executive’s former employer revealed that it had been raided by Hong Kong’s anti-graft body.
Leading Yunnan Official Detained Over Dodgy Real Estate Deals
The second ranked official from southwestern China’s Yunnan province headed to Beijing for the annual meeting of China’s legislature earlier this month, but failed to return home with the rest of his delegation after being detained over what are said… Read More>>
Tracking Proceeds of Chinese Corruption to Australia’s Real Estate Market
The head of China’s top graft buster launched “Operation Fox Hunt 2014” just three months ago to track down fleeing officials and their fraudulent gains, and the new anti-corruption initiative already seems to be leading to Australia’s booming real estate… Read More>>