Ex-Greentown China chairman charged in HK$20M bribery case

Hong Kong's ICAC charged former Greentown China chairman Zhang Yadong with conspiracy to accept HK$20 million in bribes from a mainland developer in exchange for acquiring a stake in a real estate project. The charge follows a pattern of anti-corruption enforcement in Hong Kong's property sector, but the specific project and developer remain unnamed. This signals continued regulatory scrutiny of corporate governance in Hong Kong-listed mainland firms.