Facing fraud and related charges linked to Evergrande’s collapse, Xu Jiayin (Hui Ka Yan) has seen his status as founder overshadowed by a criminal conviction and ongoing investigations.
Hui Ka Yan, founder of Evergrande, is sentenced to life in prison for large‑scale fraud. The court fines Evergrande Group and Evergrande Real Estate heavily as part of penalties after years of collapse that sparked a broader property downturn in China.