13-05-2025
Chinese Tycoon's Son Barred From Leaving China Over Loan Dispute
The son of a Chinese property tycoon has been barred from leaving the country because of his involvement in a loan dispute, a person familiar with the matter said, highlighting the risks to executives caught up in a years-long real estate crisis.
A court in Hangzhou issued the exit ban against Zhang Liang last month, said the person, asking not to be identified as the matter is private. The court said that Zhang failed to fulfill a guarantee on a borrowing made by his company, Chinese builder Seedland Real Estate, where he is the controlling shareholder, the person added. The court had earlier ruled that Zhang was responsible for the debt, the person said.
