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Evergrande boss leads $62.7 billion in lost wealth for China’s property tycoons

December 17, 2021 7:19 AM

HONG KONG (BLOOMBERG) – China Evergrande Group founder Hui Ka Yan was smiling as he attended the celebration of the Communist Party’s 100-year anniversary in Beijing back in July. To many, his invitation was a sign he still had the government’s back, and that gave his company’s bonds a rare boost.

Source : http://www.straitstimes.com/business/property/evergrande-boss-leads-627-billion-in-lost-wealth-for-chinas-property-tycoons

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