{"id":168005,"date":"2025-12-23T12:40:36","date_gmt":"2025-12-23T05:40:36","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-haichang-ocean-parks-boss-detained-in-china-amid-shadow-banking-probe\/"},"modified":"2025-12-24T12:58:23","modified_gmt":"2025-12-24T05:58:23","slug":"hong-kong-listed-haichang-ocean-parks-boss-detained-in-china-amid-shadow-banking-probe","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-haichang-ocean-parks-boss-detained-in-china-amid-shadow-banking-probe\/","title":{"rendered":"Hong Kong-listed Haichang Ocean Park\u2019s boss detained in China amid shadow banking probe"},"content":{"rendered":"


\nPolice in eastern China\u2019s Zhejiang province have detained Yu Faxiang, the chairman of Hong Kong-listed Haichang Ocean Park Holdings, as authorities investigate alleged mismanagement following defaults on multibillion-yuan wealth products issued by a firm under his control.
\nIt is the latest crackdown on mainland China\u2019s shadow banking system, continuing years of government efforts to clean up the sector.
\nPolice have imposed \u201ccriminal compulsory measures\u201d against Yu and were conducting a probe…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong-listed Haichang Ocean Park\u2019s boss detained in China amid shadow banking probe<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Police in eastern China\u2019s Zhejiang province have detained Yu Faxiang, the chairman of Hong Kong-listed...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-168005","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-HHL","jetpack-related-posts":[{"id":147140,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinas-sino-ocean-gets-liquidation-reprieve-in-hong-kong-amid-some-progress\/","url_meta":{"origin":168005,"position":0},"title":"China\u2019s Sino-Ocean gets liquidation reprieve in Hong Kong amid \u2018some progress\u2019","date":"September 23, 2024","format":false,"excerpt":"\r Hong Kong court adjourns hearing until December 23 as developer plans parallel restructuring efforts in the city and the UK.\r \r Source : South China Morning Post\r Read more...China\u2019s Sino-Ocean gets liquidation reprieve in Hong Kong amid \u2018some progress\u2019","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68184,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/did-hong-kong-fumble-the-ball-on-chinas-golden-era-yes-says-credit-suisse\/","url_meta":{"origin":168005,"position":1},"title":"Did Hong Kong fumble the ball on China\u2019s \u2018golden era\u2019? Yes, says Credit Suisse","date":"October 4, 2017","format":false,"excerpt":"\r Hong Kong has missed the boat on a more than decade-long opportunity to benefit from China\u2019s development, as the mainland\u2019s growth super-cycle is now set to cool amid credit deleveraging and as consumption replaces investment as the centrepiece of the economy, according to Credit Suisse. Tao Dong, senior adviser\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114411,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chairman-and-director-of-minshengs-sre-group-unit-are-detained-by-shanghai-police-on-embezzlement-charges\/","url_meta":{"origin":168005,"position":2},"title":"Chairman and director of Minsheng\u2019s SRE Group unit are detained by Shanghai police on embezzlement charges","date":"February 21, 2020","format":false,"excerpt":"\r The chairman and the executive director of a real estate unit owned by China\u2019s largest privately owned financial services group are being detained by Shanghai police on embezzlement charges.\rPeng Xinkuang, the chairman and former chief executive of SRE Group Limited, has been approved for arrest under the embezzlement charge,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102930,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-developer-greenland-hong-kong-expands-into-chinas-us1-9-trillion-aged-care-sector-as-property-market-slumps\/","url_meta":{"origin":168005,"position":3},"title":"Chinese developer Greenland Hong Kong expands into China\u2019s US$1.9 trillion aged care sector as property market slumps","date":"January 14, 2019","format":false,"excerpt":"\r Mainland property developer Greenland Hong Kong has set its eyes in major Chinese cities to expand its elderly care services as a way to accelerate the company\u2019s diversification into non-property businesses amid China\u2019s real estate market slump. Hou Guangjun, chief operating officer of the company, told the South China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55957,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-homebuyers-unfazed-by-tighter-mortgage-rules-as-14000-register-for-chueng-kong-project\/","url_meta":{"origin":168005,"position":4},"title":"Hong Kong homebuyers unfazed by tighter mortgage rules as 14,000 register for Chueng Kong project","date":"May 25, 2017","format":false,"excerpt":"\r Cheung Kong Property Holdings\u2019 Ocean Pride development in Tsuen Wan has become the most sought after project since August last year after it registered 14,000 prospective buyers who were unfazed by the Hong Kong banking regulator\u2019s moves to tighten mortgage lending for investors. Sun Hung Kai Properties registered 16,700\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135601,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-raises-base-rate-by-quarter-point-amid-feds-belief-that-it-can-quell-inflation-without-deepening-a-us-banking-crisis\/","url_meta":{"origin":168005,"position":5},"title":"Hong Kong raises base rate by quarter point amid Fed\u2019s belief that it can quell inflation without deepening a US banking crisis","date":"March 23, 2023","format":false,"excerpt":"\r A rising rate cycle underscored the imperatives of fighting inflation, and the confidence that the move would not deepen the banking crisis that is developing among midsize lenders.\r \r Source : South China Morning Post\r Read more...Hong Kong raises base rate by quarter point amid Fed\u2019s belief that it\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/168005"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=168005"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/168005\/revisions"}],"predecessor-version":[{"id":168006,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/168005\/revisions\/168006"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=168005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=168005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=168005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}