Big Four Bank Sues Son of Major Retailer Over Soccer Club Debts

China Construction Bank (Asia) alleges Inter Milan president refuses to repay debt of over US$300 million

Feb 02, 2023

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By: Toh Han Shih

One of China’s biggest state-owned banks is squaring off against Steven Zhang, the scion of one of China’s biggest private retailers, the troubled Suning.com, over his alleged refusal to repay more than US$300 million he borrowed. The 32-year-old Zhang is president of Inter Milan, one of Italy’s most prominent soccer clubs.

China Construc…

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