Evergrande’s collapse underscores the depth of China’s property 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…

Almost five years after Evergrande triggered a property crisis in China, its disgraced founder Hui Ka Yan has been sentenced to life in prison.

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