State-owned venture agrees to settle lawsuits by China Merchants Bank and HuaRui Bank in failed 2016 investment in U.K. sports media company

Sources say Tang and his wife were taken away by authorities on Wednesday

Li Xiaopeng stepped down a year ago, but rumors have swirled about alleged favoritism as some people linked to him have been investigated for corruption

Among those who have died in recent weeks are the father of the country’s rocket program, the engineer who set the nation’s time and a central banker who helped open the financial system

Xi and Macron discuss the Ukraine war in a phone conversation. Southeast Asian countries see a boom in exports as China locks downs

Su Shude, ex-president of Nanning unit, joins parade of Everbright officials ensnared in corruption investigations

Chinese industry expanded 11% in 2021 after three years of shakeup for new regulatory framework, Boston Consulting Group and Everbright report

Buying the remaining 30% of Sun Hung Kai Financial will help Everbright develop cross-border wealth management, the company said

Drama comes to a close with $502 million payment to partner investors

Clients have to turn to other trust companies as Everbright can’t meet demand, industry sources say, though Everbright denies suspension for exceeding regulatory limit

Chinese state-owned brokerage takes $231 million loss provision for 2019, mostly to cover potential losses related to investment in bankrupt MP & Silva Holding

Chen Lan’s resignation is the latest in a string of departures stemming from an acquisition that has cost the brokerage almost $240 million so far

Brokerage sets aside additional $41 million for liabilities from bungled acquisition, but profit bounces back

Probe may be related to ill-fated, $750 million acquisition that resulted in tangle of lawsuits involving Everbright and China Merchants Bank

China Merchants Bank has demanded Everbright Capital pay it $507 million in recompense for investment in now-bankrupt MP & Silva

Chen Shuang has left his positions as executive director and CEO of China Everbright Ltd., where he worked for 15 years

Financial giant is now embroiled in multiple legal battles after acquisition of now-bankrupt sports media firm

Incident puts spotlight back on ‘nonprinciple guaranteed’ wealth management products