HONG KONG -- China's securities regulator on Friday said it has penalized embattled developer China Evergrande Group for fraud related to the issuance of onshore bonds, although it appeared to be repeating what the developer itself had disclosed in March.
China debt crunch
China announces Evergrande fine amid speculation over auditor PwC's fate
Regulatory body issues statement two months after developer disclosed penalty
A Chinese flag flutters in front of the logo of China Evergrande Group in Shanghai in September 2021. © Reuters
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