A real estate firm in Ganzhou, Jiangxi province has gone bust. The company owes nearly ¥2 billion in debt and the boss has been detained. He's suspected of illegal fundraising among other illegal activities. The firm also sold homes to customers and simultaneously used them as collateral for loans. In one building, dubbed a "disaster area", there are 155 such properties.
iFeng: 赣州首现房企破产:老板欠债近20亿 已被控制
S&P 500 & Nasdaq Composite Approach Critical Resistance; Watch for These
Important Levels!
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A tug-of-war with no clear winner—that's what the stock market seemed to be
playing this week. With a Fed meeting, key economic data, and more earnings
on ...
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