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Kaisa reportedly must try to repay wealth management products or be taken over by the government (20:42)-20220107-Real Time Financial News

“Reuters” quoted news reports in the evening that Kaisa Chairman Guo Yingcheng agreed to the Shenzhen government’s request to propose a plan within this month to reimburse the investors of its wealth management products; if Kaisa fails to do so, one of the circumstances may be The Shenzhen government confiscated the group’s assets and gradually took over the company.

Kaisa closed at 0.81 yuan today, with no gains or losses.

Other reports

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