Browsing Tag

debt

19 posts

‘I have nothing left to live for’: Evergrande meeting descends into chaos as investor pulls knife and threatens to kill herself

Evergrande video

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.

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.

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.