China Evergrande Soared on the Property Boom. Here’s Why It Crashed. Blame for the property developer’s downfall has been placed on Chinese lending policies, but poor corporate oversight was hiding in plain sight.
China Evergrande’s Founder: The Rise and Fall of Hui Ka Yan Hui Ka Yan, who grew up poor in the countryside, was a symbol of China’s economic rise. With Evergrande teetering, his future is uncertain, too.
China Evergrande Suspends Trading as New Trouble Roils Property Market The real estate firm halted critical work to settle its debts and investors dumped their stock amid news executives were under suspicion by the authorities.