Hui Ka Yan, founder and former chairman of China's largest property developer was sentenced to life in prison for fund-raising and securities fraud.

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 Shenzhen court also levies massive fines against the developer’s main units for systematic fraud

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