# Junkets

Shadow Banking and High Stakes: Hong Kong Court Lifts the Veil on Huang Youlong’s Australian Gambling Debt

A Hong Kong court has dismissed a claim against Huang Youlong, ex-husband of actress Zhao Wei, regarding a $40 million gambling debt from 2015. The ruling exposes the informal credit systems used by Chinese elites and comes as the couple's once-vast business empire continues to dissolve under regulatory pressure.