What property giant Evergrande's sentence means for China's economy

An aerial view shows the 39 buildings developed by China Evergrande Group in Danzhou, Hainan province, China, Jan 6, 2022. (File photo: REUTERS/Aly Song) 20 Aug 2026 03:47PM BEIJING: For property giant Evergrande, the face of China's real estate woes, an excruciating saga that has dragged on for years culminated on Thu

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 liabilities.

A Chinese court has sentenced Hui Ka Yan, founder of property developer Evergrande, to life in prison

Evergrande chair Hui Ka Yan jailed following developer’s default almost five years ago

Hui's sentencing marks a key moment in the fallout from Evergrande's collapse, which shook China's property sector.