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A viral post asks international students to be alertBAI introduces new 3×15 scoring system across domestic badminton tournaments | Badminton NewsPetrol, diesel price cut possible if crude oil stays low for 2-3 months: Hardeep Pu – FirstpostVishwambhara And Jailer 2 To Clash On Dussehra 2026? Chiranjeevi’s Much-Delayed Film Likely To Release On…More than 1,200 hectares of land burnt! 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Thu. Jul 2nd, 2026
Trending News: Welcome To The Jungle Box Office Collection Day 7: Akshay Kumar Starrer Falls Short Of ₹100 Crore Mark In 1st WeekQuote of the day by Angela Merkel: “A good compromise is one where everybody makes a contribution” – understand why most compromises fail | World NewsRajasthan Royals get major relief as HC removes key hurdle to IPL in Jaipur | Cricket NewsTaylor Swift-Travis Kelce Wedding: A 12-Hour Extravaganza At Madison Square GardenVietnamese proverb of the day: “The cat praises its tail to be long” warns us against falling into the trap of self-admiration, arroganceMatteo Berrettini rediscovers his Wimbledon rhythm to send Fils packing | Tennis NewsJapan to fund India’s power grid with $492 million under new Asia energy initiative: Report – FirstpostInside Aamir Khan-Gauri Spratt’s Wedding Venue, See Photos Of His ₹70 Crore Bandra HomeImmigrant who said ‘it is cultural to marry a 12-year-old’ and was facing deportation pardoned by Democrats in Minnesota‘What’s our tolerance there?’: Australia ready to risk Ellyse Perry’s fitness for Women’s T20 World Cup final | Cricket NewsUS job growth slows sharply to 57,000 in June; unemployment dips to 4.2% as labor force shrinks – FirstpostAlia Bhatt Becomes Highest-Paid Spyverse Actress With Alpha, Beats Katrina Kaif, Deepika Padukone, Kiara Advani, Sharvari’s PaychequesHamas, Hezbollah & Houthis: Low-profile guest list for Khamenei’s funeral reveals how isolated Iran has becomeAs India top dope offenders list again, Anti-Doping Bill to be tabled in Monsoon Session | More sports NewsCanada manufacturing PMI rises in June as output grows, but war-linked supply disruptions fuel cost pressures – FirstpostOcean’s 11 Prequel: Josh Gad To Join Margot Robbie And Bradley Cooper StarrerMeet Angela Nikolau and Ivan Kuznetsov, Russian couple arrested after climbing New York’s Empire State Building to propose‘Only those who deliver will travel’: Sports minister on 2026 Asian Games selection policy | More sports NewsWhat did Japan PM Sanae Takaichi’s India visit deliver for both nations? – FirstpostJailer 2 Teaser Out: Rajinikanth As Tiger Muthuvel Pandian Is On The Prowl, To Release On DussehraIndian student denied entry to the US because of a WhatsApp group? A viral post asks international students to be alertBAI introduces new 3×15 scoring system across domestic badminton tournaments | Badminton NewsPetrol, diesel price cut possible if crude oil stays low for 2-3 months: Hardeep Pu – FirstpostVishwambhara And Jailer 2 To Clash On Dussehra 2026? Chiranjeevi’s Much-Delayed Film Likely To Release On…More than 1,200 hectares of land burnt! Firefighters battle southern France wildfires after deadly heatwave‘Enough is enough’: Ex-England captain demands Brendon McCullum resign after Ben Stokes retirement | Cricket NewsAir India Express resumes Kuwait and Salalah flights after West Asia disruptions – FirstpostIndian-origin CEO Sanjay Mehrotra donates $250 million to Trump Accounts, Prez calls Micron ‘truly Great American company’Australia cricketer Aaron Summers faces jail after pleading guilty to child sex abuse charges | Cricket NewsAs Europe swelters, Indian AC makers eye a once-in-a-generation export opportunity – FirstpostRamayana Trailer Leaks: Ranbir Kapoor As Lord Ram Kills Demon In Viral Clip | WatchUnesco warns Pakistan over ‘reconstructions’ at Taxila, the Vedic-era city‘Vaibhav will do very well, but…’: Dinesh Karthik settles Sanju Samson vs Sooryavanshi debate | Cricket NewsPM Modi after talks with Takaichi – FirstpostLock Upp 2: Farah Khan Or Riteish Deshmukh, Who Takes Home Higher Paycheck For Hosting The Netflix Show?From grief support to robot cafes & marriage prospects: How AI is transforming daily life in South KoreaFolarin Balogun joins Zidane, Ronaldinho in unwanted World Cup history after red card against Bosnia | Football NewsEU top court upholds €4.1 billion antitrust fine against Google in Android case – FirstpostJana Nayagan Release Date: CM Vijay’s Final Film To Clash With His Son Jason’s Directorial Debut?Why eucalyptus trees shed their bark every year and how it helps them survive |Abhishek Sharma breaks KL Rahul’s T20I record in England, becomes fastest ever to… | Cricket NewsIndia’s first privately developed orbital-class rocket Vikram-1 set for launchIndia, Japan target 10 trillion yen investment in next 10 years, deepen strategic ties – FirstpostDaadi Ki Shaadi OTT Release Date: Know Where And When To Watch Kapil Sharma-Neetu Kapoor Starrer OnlineBat on his face, no visible bite: 11-year-old Canadian boy dies of rabies weeks later | World NewsFIFA World Cup: Congo DR coach Sébastien Desabre stunned after learning of father’s death during press conference | Watch | Football NewsWhy reopening of Lipulekh Pass matters for India, China and the Himalayas – FirstpostSpanish athlete locked herself inside a 230-foot-deep cave for 500 days in an unusual experiment. When she came out, she thought only 160 days had passed | World NewsFIFA World Cup Golden Boot race: Harry Kane draws level with Erling Haaland, closes in on Lionel Messi and Kylian Mbappé | Football NewsAlpha Day 1 Advance Booking Collection: Alia Bhatt-led YRF Film Rakes Less Than ₹50 Lakh In Pre-sales Amid Muted BuzzQuote of the day by Mother Teresa: “In this life we cannot do great things. We can only do small things with great love” – lessons on humility, everyday kindness and why the little acts matter most | World NewsMLC 2026: Washington Freedom beat LA Knight Riders, jump to fourth in standings | Cricket NewsOpenAI discussed giving Trump administration a 5% stake to ease AI regulatory hurdles: Report – Firstpost“The day Charlie was k****d…..”: Candace Owens’ latest Charlie Kirk theory sparks fierce response from criticsRomelu Lukaku plays peacemaker as Belgium teammates clash before stunning World Cup comeback vs Senegal | Football NewsAustralia’s top gold miner Northern Star names Glencore executive Suresh Vadnagra as CEO – FirstpostDonald Trump: ‘China trying to take over’: Trump calls giving away Panama Canal ‘stupid mistake’Shah Rukh Khan unveils LA Knight Riders stadium as cricket gears up for LA Olympics 2028 | Cricket NewsTrump made billions from crypto. His fans didn’t — now critics accuse him of ‘disgusting’ greed – FirstpostAngela Nikolau and Ivan Beerkus, Couple Who Got Engaged Atop Empire State Building Are Stars Of Netflix Documentary, SkywalkersWatch: 9-storey Kyiv apartment building partially collapses after Russian attack; residents trappedUSA vs Bosnia and Herzegovina, FIFA World Cup Match Result: 10-man USA beat Bosnia for only their second-ever knockout win despite Balogun red card | Football NewsSurvival of the wittiest? Scientists debate if wit helped evolve languageSouth Korean stocks plunge as much as 7% as AI jitters hammer Samsung, SK Hynix – Firstpost“Misogynist, homophobic and racist”: Clavicular’s runway debut sparks fresh debate over fashion’s obsession with controversyBelgium vs Senegal, FIFA World Cup Match Result: Belgium seal Round of 16 spot with dramatic last-gasp penalty winner | Football NewsChinese tech giant Alibaba to pay $600 million to settle US probe over illegal drug sales – FirstpostEmpire State Building climb: Couple arrested after proposal atop New York’s skyscraper – videoUSA vs Bosnia and Herzegovina Live Score, 0-0, FIFA World Cup 2026 Round of 32: USMNT look to break down stubborn Bosnia blockWho is Ravi Thanawala? Indian-origin executive named American Eagle CFO – FirstpostSwedish proverb of the day: ‘Even a blind hen finds a grain sometimes’ — A simple image with a profound lesson about opportunity, persistence, and human natureHarry Kane scripts history with DR Congo brace, overtakes Pelé and shatters England’s 60-year World Cup record | Football NewsExtraemily Twitch Unban: ExtraEmily unbanned on Twitch just one day after distracted driving suspensionMexico could face FIFA punishment as infamous chant returns despite official ban during Ecuador victory | Football NewsStephen Mccullagh Appeal: YouTuber Stephen McCullagh appeals life sentence after murdering pregnant girlfriend and using fake GTA livestream alibiHow Thomas Tuchel’s fury with one England player saved them from stunning World Cup exit vs DR Congo | Football NewsTurkish proverb of the day: ‘Kill the brave man, but do not deny him his due’ — Reminding us that fairness means acknowledging merit even in conflict or defeatRain washes out India-England T20I opener after Shreyas Iyer, Abhishek Sharma power visitors to 189/7 | Cricket NewsUS navy helicopter makes emergency water landing in Arabian Sea; one crew member missingEngland vs DR Congo, FIFA World Cup Match Result: Harry Kane’s late double rescues and sends England into Round of 16 | Football News‘Like your Hindu wife?’ : Row over JD Vance saying his Catholic faith makes him opposed to ‘low-wage foreigners’Naomi Osaka turns Wimbledon into a runway with stunning kimono-inspired look | Tennis NewsEU ends duty-free era for cheap Chinese parcels, hits Shein and Temu with new €3 import fee – FirstpostQuote of the day by Greek philosopher Plato: “The heaviest penalty for declining to rule is…” | World NewsAbhishek Sharma scripts history in 1st T20I against England, becomes fastest batter to… | Cricket NewsIndia cuts aviation turbine fuel prices by nearly Rs 5/litre as crude oil eases – FirstpostPregnant women can’t come to this country: Trump administration eyes crack down on ‘birth tourism’ after US supreme court ruling on birthright citizenshipIndia opt to bat in 1st T20I vs England; Varun Chakaravarthy returns, Vaibhav Sooryavanshi waits for debut | Cricket NewsHow India is preparing for the next global supply shock – FirstpostTeachers in England to receive 3.5% pay hike from September; unions threaten strike over funding concernsIndia vs England Live Score, 1st T20I: Shreyas Iyer’s India face stern test against Harry Brook’s EnglandFed’s Warsh says rate decisions will be made behind closed doors, rules out forward guidance – FirstpostStarmer’s £298 billion defence investment plan faces funding gap, leaves Burnham with £5 billion challengeHarry Kane on cusp of England World Cup history, one goal away from Geoff Hurst’s record | Football NewsKotak Mahindra Bank to acquire Deutsche Bank’s India retail and wealth business for Rs 281.7 crore – FirstpostQuote of the day by Princess Diana: “If we all play our part in making our children feel valued, the result will be…” | World NewsErling Haaland scores, then dons cowboy gear before unleashing his inner Viking | Football NewsHow the race to build artificial intelligence is driving up your electricity bill – FirstpostSpanish saying on friendship that is still true today: ‘Tell me who your friends are, and I’ll tell you who you are’India-Bangladesh cricket ties back on track? BCB’s media rights tender sparks hope for white-ball series | Cricket News
Thu. Jul 2nd, 2026

Hong Kong-listed Haichang Ocean Park’s boss detained in China amid shadow banking probe

Hong Kong-listed Haichang Ocean Park’s boss detained in China amid shadow banking probe


Police in eastern China’s Zhejiang province have detained Yu Faxiang, the chairman of Hong Kong-listed Haichang Ocean Park, as authorities investigate alleged mismanagement following defaults on multibillion-yuan wealth products issued by a firm under his control.

It is the latest crackdown on mainland China’s shadow banking system, continuing years of government efforts to clean up the sector.

Police have imposed “criminal compulsory measures” against Yu and were conducting a probe into his alleged wrongdoings, Haichang, mainland China’s largest marine theme park operator, said in an exchange filing on Tuesday, adding that it had been notified by Yu’s family about the matter.

The development comes just six months after Sunriver Holding Group, which is controlled by the billionaire, spent HK$2.3 billion (US$295.7 million) to buy a 39 per cent stake in Haichang.

Yu Faxiang, the chairman of Hong Kong-listed Haichang Ocean Park, has been arrested on the mainland. Photo: Xinhua
Yu Faxiang, the chairman of Hong Kong-listed Haichang Ocean Park, has been arrested on the mainland. Photo: Xinhua

Sunriver Holding also has two Shanghai-listed subsidiaries – Sunriver Culture Tourism and Anhui Gourgen Traffic Construction. Both companies released statements confirming Yu’s detention.

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