Chinese court sentences founder of property developer Evergrande to life in prison

A worker collects trash in a partially shuttered Evergrande commercial complex, on the day Hong Kong Stock Exchange delisted the Chinese property developer China Evergrande, in Beijing, China, Aug. 25, 2025.

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.

(Image credit: Mahesh Kumar A.)