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BackFormer Greentown China head charged for taking bribes over stake in real estate project
Former Greentown China head charged for taking bribes over stake in real estate project
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SCMP Economy58 minutes agoCrime1 min readChina

Former Greentown China head charged for taking bribes over stake in real estate project

hong kongicaczhang yadong

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Hong Kong's Independent Commission Against Corruption charged former Greentown China Holdings chairman Zhang Yadong with conspiracy to accept advantages for allegedly taking HK$20 million in bribes from a mainland Chinese property developer between 2020 and 2023 in exchange for the company acquiring equity in the developer's real estate project.

AI-generated summary

Why It Matters

Zhang Yadong served as chairman of Greentown China Holdings from 2019 to 2025. The Independent Commission Against Corruption is Hong Kong's anti-corruption watchdog responsible for investigating graft in both public and private sectors.

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Hong Kong’s corruption watchdog has charged the former head of a listed company for allegedly accepting HK$20 million (US$2.5 million) in bribes from a mainland Chinese property developer in exchange for acquiring a stake in the developer’s real estate project.

Zhang Yadong, 58, who was chairman of Greentown China Holdings from 2019 to 2025, faced a count of conspiracy to accept advantages, the Independent Commission Against Corruption (ICAC) said on Friday.

The case was mentioned at Eastern Court on Friday.

Prosecutors alleged that between January 2020 and March 2023, Zhang conspired with his son, a middleman, a shareholder of an estate developer in Dailian, Liaoning province, and others to accept bribes totalling HK$20 million from the shareholder in exchange for Greentown China acquiring equity interests in the developer’s project.

What to Watch

AI outlook — possibilities, not facts

  • The case will proceed to trial at Eastern Court following the initial mention

    Very likely · Within weeks

Open Questions

  • What specific real estate project was involved in the alleged bribery scheme?
  • What role did Zhang Yadong's son and the alleged middleman play in the conspiracy?
  • Have any other individuals been charged in connection with this case?

Related Topics

hong kong
PeopleZhang Yadong
OrganizationsIndependent Commission Against CorruptionGreentown China Holdings
PlacesHong KongDalianLiaoning ProvinceEastern Court
Topicsicaczhang yadonggreentown china holdingsbriberymainland chinareal estate
This article was originally published by SCMP Economy.

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