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The Economic Times
The Economic Times

He built China’s biggest property empire and became Asia’s richest man. Now Evergrande’s Hui Ka Yan is in prison for life, here’s why

Less than a decade ago, Hui Ka Yan was worth more than almost anyone else on the continent. This week, a court in Shenzhen stripped him of everything and sent him to prison for the rest of his life. The story of how he got from one point to the other says a lot about what went wrong in China's property market, and about how far Beijing is now willing to go to make an example of it.

From Rice Fields to the Rich List

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