Dalian Wanda chair Wang Jianlin's high consumption restriction removed: reports

The high-consumption restrictions imposed on Wang Jianlin, chairman of Dalian Wanda Group, have been revoked, according to Chinese media reports.

Queries on a platform under the Supreme People's Court of China now show no relevant information regarding the restrictions.

Previously, Dalian Wanda Group and Wang, once the richest man in China, were restricted from high spending due to an economic dispute, mainland media reported.

Limitation on high spending means the ban of luxury and non-essential consumption, such as air travel and buying property.

The dispute involved a subsidiary company of the group, and the situation may have arisen from an information asymmetry in the execution, the report said, citing two internal sources at Wanda.

Earlier, Dalian Wanda Group, Wanda Real Estate Group, and Wang have been enforced against for 186 million yuan (HK$202.9 million) in the case.

This marked the second time this year that a company affiliated with Dalian Wanda has been limited on high consumption, following the same restriction of Zhang Chunyuan, chairman of Wanda Commercial Properties, as the company failed to meet the payment deadline in a construction project contract.