Chinese regulators are set to ban Evergrande's chairman for life from the securities market due to financial fraud, according to a subsidiary of the embattled property giant. The China Securities Regulatory Commission (CSRC) plans to impose a lifetime ban on Xu Jiayin, also known as Hui Ka Yan, for his alleged involvement in financial misconduct. Evergrande, once China's largest real estate firm, has struggled with debt and defaults, highlighting broader challenges in the country's property market.
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