Property Tycoon Detained in Shenzhen Graft Probe

A real estate billionaire who is well connected in China’s business and government circles may be in trouble over some of his connections.

Li Hua, founder and chairman of Shenzhen-based Excellence Real Estate Group, was detained in relation to the graft investigation of Li Huanan, the disgraced deputy party chief of Shenzhen, separate sources told Caixin.