debt
‘I have nothing left to live for’: Evergrande meeting descends into chaos as investor pulls knife and threatens to kill herself
A compilation video that shows desperate investors confronting Evergrande staff amid the company’s financial issues has gone viral on Chinese social media platform Weibo.
The confrontation: The 10-minute-long video was published on Sept. 29 to Weibo by local news site Xing Tai Shen Bian Shi, who did not specify when and where the videos were taken, according to Insider.
China’s Former ‘Richest Son’ Shamed By Government For Having $21.5 Million Debt
Wang Sicong, the only son of Wanda Group founder Wang Jianlin, has landed on the country’s list of debtors this week.
A Beijing court announced that the Prometheus Capital chairman owes at least 150 million yuan, equivalent to at least $21.5 million, according to a notice published in the official website of the Chinese Supreme Court.
98-Year-Old Woman Walks 2 Miles in the Rain to Pay $1.49 Debt From 50 Years Ago
An elderly woman suddenly decided to walk 3 kilometers (1.8 miles) in the rain to pay a debt she owed to someone roughly 50 years ago.
Sun Xingbao, a 98-year-old elderly woman from Zhejiang province in eastern China, recalled last month that she owed carpenter Zhang Falin money 50 years ago, from when she hired him to make furniture after her son got married.
China Develops App That Reveals If a Person in Debt is Nearby
A controversial new app in one Chinese province is making headlines for its unusual function: the ability to spot people who are in debt within its user’s vicinity.
The application, called the “map of deadbeat debtors,” was developed by Chinese officials in Hebei province, state-run media outlet China Daily reports.
Man Postpones Marriage to Japanese Princess to Pay Off His ‘Student Loans’
Japanese Princess Mako and her fiancé, Kei Komuro, set their wedding for November 2018, but the groom-to-be’s financial woes forced the wedding to be postponed.
The pair made global headlines in 2017 when it was revealed that Mako, the granddaughter of Japan’s Emperor Akihito, was ready to give up her royal title to marry a “commoner” she met at a restaurant.
Jackie Chan’s Daughter Has Only $2.56 to Pay $287 Bill at Hong Kong Hostel
Etta Ng, Jackie Chan’s estranged daughter, and her wife, Andi Autumn, allegedly only handed over 20 Hong Kong dollars ($2.56) to the hostel they stayed at in Hong Kong after returning from Canada.
Ng, who married the 31-year-old social media influencer last month in Canada, racked up a bill of 2,250 Hong Kong dollars ($287) during their five-night stay at Mong Kok hostel in Hong Kong, according to Apple Daily via The Straits Times.
Actor/Singer Rain’s Parents Accused of Fraud After Borrowing $15,000 of Rice 30 Years Ago
The singer Rain’s parents were accused of fraud in an online forum this week.
Boy in China Forced to Collect Recycling After Stealing $290 From His Grandma
A nine-year-old boy in southern China has been collecting recyclables since Golden Week to pay off the 2,000 yuan ($290) that he had stolen from his grandmother.
It was discovered that for two weeks, Hanghang quietly used his grandmother’s WeChat Pay account for mobile game in-app purchases.
Constance Wu Was ‘tens of thousands of dollars’ in Debt Before Landing ‘Fresh Off the Boat’ Role
Just like any other celebrities in Hollywood, Constance Wu was also knee deep in debt before she landed her major roles, particularly in ABC’s “Fresh Off the Boat” and the novel-to-film adaptation of Kevin Kwan’s “Crazy Rich Asians.”
#freshofftheboat fam at #cape25 photo from @theianchen @cape_usa
Former Miss Hong Kong Who Used Crown as Loan Collateral Sued Over $479,000 Debt
A former beauty queen from Hong Kong reportedly used her pageant crown as collateral for a loan, and she now faces a lawsuit over the debt which has remained unpaid.
Miss Hong Kong 1995 Winnie Yeung (Yeung Yuen-yee), along with her husband, Wong Shuai-fun, secured a loan amounting to 2.4 million Hong Kong dollars ($306,000) from Trinity Aim Capital Limited three years ago.
China’s Controversial Credit System Has Stopped Over 15 Million People from Travelling
While it was earlier announced that China’s social credit system will be fully implemented in 2020, it has already been penalizing citizens with travel bans, state-run media has revealed.
President’s Xi Jinping’s controversial policy has reportedly prevented people from taking 11.14 million flights and 4.25 million high-speed train trips as of April 30, according to government-run outlet Global Times. The report, however, did not explain the reason for the huge number of barred trips — nor did it specify which violations the penalized citizens have committed. The policy, which is often compared to the terrifying “Black Mirror” episode “Nosedive” about a dystopian future, contains a collection of blacklists based on a variety of violations that the government has deemed worthy of penalties.
China Punishes Over 8 Million People in Debt By Preventing Them From Traveling, Staying at Nice Hotels
The Chinese government has restricted blacklisted debtors from traveling luxuriously and living an extravagant life with their spending habits as well as getting rejected from applying for bank loans and credit cards.
The list of debtors was posted on a website launched by the Supreme People’s Court in late 2013, according to Business Insider.