### [2026-08-20](/feed/2026/08/20/index.md)

##### Chinese real estate crisis
# A Chinese court sentences Evergrande founder Hui Ka Yan to life imprisonment for financial fraud, bribery, and embezzlement, and fines Evergrande and its real estate arm a combined ¥15.8 billion (US$2.35 billion). 




### Sources:

1. [AFP via CNA](https://www.channelnewsasia.com/east-asia/china-evergrande-founder-hui-ka-yan-sentenced-life-in-prison-6330256)

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