China sentences Evergrande founder Xu Jiayin to life in prison and fines the property giant over US$2 billion after years of financial fraud and default.

Chinese property developer Hui Ka Yan has been sentenced to life in prison. The decision marks a milestone in Evergrande's saga after it collapsed with more than $300 billion in…

Hui was fined 47 million yuan ($6.5 million) in 2024 and banned from China's securities markets for life by the China Securities Regulatory Commission over inflating company…

A Chinese court ordered all of Hui Ka Yan's personal property confiscated.