Wanda publishes photos of chairman in Hong Kong to dispel rumors

Billionaire Wang Jianlin was rumored to be banned from leaving mainland China

TRD New York /
Sep.September 11, 2017 09:00 AM

Wang Jianlin and Tung Chee-hwa

Dalian Wanda Group published photos of its chairman on a visit to Hong Kong, contradicting rumors that the billionaire had been ordered not to leave mainland China.

The company’s been pushing back against the rumors since late August, when a Chinese-language blog wrote that chairman Wang Jianlin had been detained by authorities and prohibited from leaving the country.

On Monday, the company published photos of Wang with Tung Chee-hwa, who oversaw Hong Kong from 1997 to 2005, according to the Financial Times. The photos, dated Sept. 8, show the emblem of Hong Kong in the background.

Last month, after reports came out that authorities had detained Jianlin and his family at Chinese airport, Wanda released as statement saying the rumors were “concocted with ulterior motives.” It’s suing people behind more than 10 Chinese social media accounts that “falsely” said Jianlin had been detained.

Wanda’s been pulling back from its spending streak. It was one of five companies China’s Banking Regulatory Commission began investigating earlier this year for carrying too much debt and expanding at a rapid clip. [FT] – Rich Bockmann

Related Articles


Bizarre case of deed fraud complicated Anbang’s $5.8B hotel portfolio deal

General contractors are suffering under Trump’s new tariffs on Chinese goods

In London, WeWork already reaping rewards of planned Brexit: Global property

What China’s warning to students studying in the US means for real estate

How long can Hong Kong’s family real estate dynasties last?

Some in the industry say the situation with China has been up in the air for some time now (Credit: iStock)

U.S.-China trade war escalation leaves real estate in the dark

88 Pine Street wrapped in barbed wire (Credit: Google Maps)

Human rights watchdog has FiDi lease denied… by the Chinese government?

501 Third Avenue and China Overseas Land & Investment CEO Yan Jianguo (Credit: Google Maps and Getty Images)

China Overseas looking to build 31-story tower in Murray Hill