Two More Chinese Real Estate Executives Arrested

Two More Chinese Real Estate Executives Arrested
A man wears a mask while walking through the Evergrande changqing community in Wuhan, Hubei Province, China on Sept. 24, 2021. Getty Images
Jessica Mao
Updated:
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China’s real estate sector is being caught in a whirlwind of oversight by the Chinese Communist Party’s legal and disciplinary bodies. Two prominent real estate companies recently announced that their directors have been taken away for suspected criminal violations or they have lost contact with them.

The Chinese authority’s oversight of the property sector continues to intensify and a number of real estate enterprises underwent varying degrees of staff reshuffling in the past years.

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