HNA did not immediately respond to requests for comment. The detention of the two men comes as global investors await the fate of another troubled Chinese corporate giant, China Evergrande Group....
Chinese leaders increasingly see such debt-fueled corporate activity as counterproductive and have moved to tame those practices. HNA became a symbol of the mercurial rise and profligate spending of China’s first wave of private conglomerates with strong political backing....
Chen’s co-chairman, Wa
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2021-09-24 00:00:00.0