China Evergrande founder Hui Ka Yan received a life sentence for fraud, marking the end of the property giant's tumultuous saga amid China's real estate sector crisis.

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…

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…

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