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flag Chinese property developer Evergrande founder pleads guilty to fraud in Shenzhen.

flag China Evergrande founder Hui Ka Yan pleaded guilty to charges including fundraising fraud and illegal deposits in a Shenzhen court. flag The plea marks a major development in the legal fallout from the developer's massive debt crisis, highlighting stricter enforcement of financial regulations in China's property sector. flag Sentencing has not yet been announced.

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