{"id":2035293,"date":"2023-09-17T15:45:04","date_gmt":"2023-09-17T19:45:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-police-move-in-on-evergrande-firm-detain-wealth-management-staff-2\/"},"modified":"2023-09-17T15:47:14","modified_gmt":"2023-09-17T19:47:14","slug":"chinese-police-move-in-on-evergrande-firm-detain-wealth-management-staff-2","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-police-move-in-on-evergrande-firm-detain-wealth-management-staff-2\/","title":{"rendered":"Chinese police detain Evergrande wealth management staff."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchinese-police-move-in-on-evergrande-firm-detain-wealth-management-staff-2%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2035293&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Chinese Police Detain Staff at \u200bEvergrande Firm&#8217;s Wealth Management Unit<\/h2>\n<p>In a dramatic turn of\u2062 events, police in a\u2064 southern Chinese \u2062city have \u2062taken action against staff members at China Evergrande Group&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wells-fargo-conducts-fake-interviews-to-boost-diversity-numbers-current-and-former-employees-claim\/\" title=\"Wells Fargo Conducts \u2018Fake Interviews\u2019 To Boost Diversity Numbers, Current And Former Employees Claim\">wealth management unit<\/a>, adding to the \u200dwoes of the heavily indebted \u2062developer.<\/p>\n<blockquote>\n<p>The Shenzhen\u200c police released a \u200bstatement on Saturday, revealing that they have implemented &#8220;criminal coercive measures&#8221; against suspects, including individuals from \u200dthe financial wealth management company under Evergrande Group.<\/p>\n<\/blockquote>\n<p>While the identity \u2063of one of the suspects, Du, remains unclear, media reports from 2021 had identified Du Liang as the head of the company&#8217;s wealth\u200d management unit.<\/p>\n<p>Evergrande, \u2064known as the world&#8217;s most heavily indebted real estate \u2062developer,\u200d is currently at the epicenter of a property market \u2064crisis that is adversely affecting\u2063 China&#8217;s economic \u200bgrowth.<\/p>\n<p>To avoid defaulting on a\u200c staggering $340 billion debt, the group is undergoing a comprehensive restructuring plan that\u2062 involves\u2063 asset offloading.<\/p>\n<p>On a \u2062positive note, China&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chinese-police-move-in-on-evergrande-firm-detain-wealth-management-staff-2\/\" title=\"Chinese police detain Evergrande wealth management staff.\">national financial\u200b regulator recently approved<\/a> the takeover of Evergrande&#8217;s life insurance arm by a new state-owned entity.<\/p>\n<p>Since 2021, China&#8217;s sprawling property sector has experienced a series of debt defaults, leaving behind unfinished buildings and disgruntled homebuyers. This <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-president-trump-gives-pardons-to-73-individuals-and-commutes-another-70-sentences-steve-bannon-is-included\/\" title=\"BREAKING: President Trump Gives Pardons to 73 Individuals and Commutes Another 70 Sentences \u2013 Steve Bannon Is Included\">real estate crisis<\/a> has raised concerns about its potential impact on the global\u200c economy.<\/p>\n<p style=\"font-style: italic\">The Western Journal has reviewed this Associated Press story and \u200dmay have\u2064 altered it prior to publication to ensure \u2062that \u200dit meets our editorial standards.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/ap-chinese-police-move-evergrande-firm-detain-wealth-management-staff\/\">Chinese Police Move \u200din on Evergrande Firm, Detain Wealth Management Staff<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The\u200d Western Journal<\/a>.<\/p>\n<p> <\/p>\n<h2> What are \u200bthe \u200cpotential implications of the detainment\u2062 of a staff\u200d member at the UK Consulate in Hong \u2063Kong for diplomatic relations between the United Kingdom and China?<\/h2>\n<p><span>  UK \u200cConsulate in \u200bHong Kong<\/h2>\n<p>On August 20th, 2019, the Chinese police detained a staff member at the UK Consulate \u200bin Hong \u200bKong, further escalating tensions between the United Kingdom and China in the midst of ongoing pro-democracy protests in the region.<\/p>\n<p>The \u2064individual, Simon\u200c Cheng, a \u2062Hong Kong citizen who worked as a trade and investment officer at the consulate, was reportedly detained\u2063 during a business\u2063 trip to Shenzhen, a city in\u200d mainland China bordering Hong Kong.\u2062 According\u200d to\u200c Cheng&#8217;s girlfriend, he traveled to attend a business meeting which was scheduled\u200b to\u200b take place the following day. However, \u2063after failing to\u2062 return home \u2063that night, his girlfriend\u200b reported him missing and later discovered through\u2063 an online travel registration system that he had been \u200cheld in administrative \u200bdetention by \u200dthe \u200cChinese authorities.<\/p>\n<p>The detention of Cheng raises serious\u2062 concerns about the treatment \u200band safety of diplomatic staff in Hong Kong. The fact\u2063 that he was allegedly \u2063apprehended in Shenzhen, rather\u2062 than in Hong Kong\u2062 itself, illustrates the reach of the Chinese authorities in exerting control over\u2063 individuals beyond their\u2062 jurisdiction.\u200c This incident highlights \u2064the potential vulnerability of foreign diplomats and the\u200b impact \u200cit may have \u200con \u200ctheir ability\u200d to fulfill their duties in regions where\u200d political tensions\u200c are high.<\/p>\n<p>The exact reasons for Cheng&#8217;s detention remain unclear, but it is believed that his arrest is connected to his involvement in the pro-democracy protests that have taken place in Hong\u200b Kong since June 2019. It is no secret that Beijing views the protests as a threat to its sovereignty\u2062 and\u2064 stability. The Chinese government has openly\u2062 condemned the demonstrations, accusing foreign countries of interfering in China&#8217;s internal affairs and \u200bsupporting the protesters. Cheng&#8217;s arrest could be seen as an attempt to send a warning \u200bmessage to other foreign diplomats who may consider involvement or support \u200dfor\u2062 the pro-democracy movement.<\/p>\n<p>The UK government has expressed its\u2063 concern over the detainment, with \u200bForeign Secretary Dominic Raab stating that \u200dthey are &#8220;extremely concerned&#8221; \u2062about the situation and \u2063providing consular assistance to Cheng and his family. The British consulate in Hong Kong \u2062has been in close contact with the authorities in the region, seeking clarity on\u200d the\u2063 circumstances surrounding Cheng&#8217;s detention and demanding his immediate \u200drelease.<\/p>\n<p>This incident is undoubtedly a blow to the already strained relationship \u200cbetween China and the United Kingdom.\u2064 It comes after months of tension stemming from the ongoing protests in Hong Kong, and more recently, the controversy surrounding the British \u2064government&#8217;s decision to allow Huawei,\u200b a Chinese telecommunications company, to have a limited role in\u200d the\u2062 development\u200d of\u2062 the UK&#8217;s 5G mobile network. The detainment of a staff member at the UK Consulate \u2063will undoubtedly further complicate\u2062 bilateral relations and could provoke a strong response from the UK government, affecting both political and economic\u200c ties.<\/p>\n<p>The international community should take note of \u2062this incident and its potential implications for diplomatic staff operating in Hong Kong. It serves as a stark reminder of the\u2064 challenges faced by foreign officials in regions where political tensions are high. Safeguarding\u200b the\u200c independence and \u2064safety of diplomatic personnel should be a priority\u2062 for \u200call nations, and \u200bincidents\u200b such as this should not be taken lightly or brushed aside.<\/p>\n<p>As the\u2064 situation\u200d continues to unfold, it remains to be seen how the UK\u200c government and international community will respond to this latest development. The\u2062 detention \u2062of a staff member\u200d at the\u200b UK\u2063 Consulate raises important questions about the obligations and responsibilities of host countries towards diplomatic staff and the implications for\u200b global diplomacy \u200din an increasingly complex and interconnected \u2062world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Police in a southern Chinese city have detained China Evergrande Group&#8217;s wealth management unit staff, adding to the troubles of the debt-ridden developer. Shenzhen police stated that they have taken criminal measures against suspects, including Du and others from the financial wealth management (Shenzhen) company.<\/p>\n","protected":false},"author":136,"featured_media":2035295,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-2035293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2035293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/136"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2035293"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2035293\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2035295"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2035293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2035293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2035293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}