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#china-property-crisis

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China sentences Evergrande founder Xu Jiayin to life prison, imposes US$2.4bil fine

China's Shenzhen court has handed down a life sentence to Evergrande founder Xu Jiayin and imposed fines exceeding US$2.4 billion on the troubled property conglomerate, marking the conclusion of a high-profile corruption case stemming from the firm's 2021 default.

By Khairul Anuar · 20 Aug 2026 · 5 min read

China Evergrande founder Hui Ka Yan sentenced to life imprisonment in watershed moment for property crisis

Hui Ka Yan, founder of China Evergrande Group, has been sentenced to life in prison for fraud and misuse of funds. The landmark verdict closes the chapter on one of the world's biggest property collapses but offers little comfort to millions of cheated investors.

By Khairul Anuar · 20 Aug 2026 · 4 min read

China sentences Evergrande founder Xu Jiayin to life prison, imposes US$2.4bil fine

China Evergrande founder Hui Ka Yan sentenced to life imprisonment in watershed moment for property crisis

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