{"id":1881012,"date":"2026-04-14T06:16:09","date_gmt":"2026-04-14T03:16:09","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=1881012"},"modified":"2026-04-14T06:16:09","modified_gmt":"2026-04-14T03:16:09","slug":"china-what-next-for-evergrande-after-liquidation-order","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=1881012","title":{"rendered":"China: What next for Evergrande after liquidation order"},"content":{"rendered":"

[analyse_image type=”featured” src=”https:\/\/static.dw.com\/image\/66567119_6.jpg”]<\/p>\n

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https:\/\/p.dw.com\/p\/5C7Ri<\/span><\/div>\n<\/section>\n
Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards [FILE: Sept26, 2021]Image: Aly Song\/REUTERS<\/small><\/figcaption><\/figure>\n
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The founder of China’s<\/a> Evergrande Group, the most indebted property developer in the world, has pleaded guilty to charges including fraud and bribery, a Chinese court in the southern city of Shenzhen has said.<\/p>\n

Founder Hui Ka Yan “pleaded guilty and expressed remorse” in trial proceedings \u200cagainst him and Evergrande on Monday and Tuesday, \u200cthe \u200bcourt said in a posting on its official Wechat account.<\/p>\n

The property developer giant defaulted<\/a> in 2021 on most of its $300 billion (roughly \u20ac255 billion) in liabilities and billions of dollars of wealth management product payments.<\/p>\n

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China: What next for Evergrande after liquidation order<\/h2>\n

What do we know about Evergrande and Hui’s trial?<\/h2>\n

Evergrande and its founder Hui are\u00a0accused of “illegally absorbing public deposits, fundraising fraud, illegally issuing loans, illegally using funds, fraudulently issuing securities, disclosing important information in violation of regulations, embezzlement and [corporate] bribery,” a court statement said.<\/p>\n

Those attending the court hearings included representatives of those involved in past fundraising, as well as members of China’s legislative body, the National People\u2019s Congress.<\/p>\n

The court will issue its verdict at a later date it has yet to set.<\/p>\n

This is a developing story. Please refresh for updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/article>\n

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The founder of China’s<\/a> Evergrande Group, the most indebted property developer in the world, has pleaded guilty to charges including fraud and bribery, a Chinese court in the southern city of Shenzhen has said.<\/p>\n

Founder Hui Ka Yan “pleaded guilty and expressed remorse” in trial proceedings \u200cagainst him and Evergrande on Monday and Tuesday, \u200cthe \u200bcourt said in a posting on its official Wechat account.<\/p>\n

The property developer giant defaulted<\/a> in 2021 on most of its $300 billion (roughly \u20ac255 billion) in liabilities and billions of dollars of wealth management product payments.<\/p>\n

\n

China: What next for Evergrande after liquidation order<\/h2>\n

What do we know about Evergrande and Hui’s trial?<\/h2>\n

Evergrande and its founder Hui are\u00a0accused of “illegally absorbing public deposits, fundraising fraud, illegally issuing loans, illegally using funds, fraudulently issuing securities, disclosing important information in violation of regulations, embezzlement and [corporate] bribery,” a court statement said.<\/p>\n

Those attending the court hearings included representatives of those involved in past fundraising, as well as members of China’s legislative body, the National People\u2019s Congress.<\/p>\n

The court will issue its verdict at a later date it has yet to set.<\/p>\n

This is a developing story. Please refresh for updates.<\/em><\/p>\n<\/div>\n

The founder of China’s<\/a> Evergrande Group, the most indebted property developer in the world, has pleaded guilty to charges including fraud and bribery, a Chinese court in the southern city of Shenzhen has said.<\/p>\n

Founder Hui Ka Yan “pleaded guilty and expressed remorse” in trial proceedings \u200cagainst him and Evergrande on Monday and Tuesday, \u200cthe \u200bcourt said in a posting on its official Wechat account.<\/p>\n

The property developer giant defaulted<\/a> in 2021 on most of its $300 billion (roughly \u20ac255 billion) in liabilities and billions of dollars of wealth management product payments.<\/p>\n

To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video<\/a><\/p>\n

Evergrande and its founder Hui are\u00a0accused of “illegally absorbing public deposits, fundraising fraud, illegally issuing loans, illegally using funds, fraudulently issuing securities, disclosing important information in violation of regulations, embezzlement and [corporate] bribery,” a court statement said.<\/p>\n

Those attending the court hearings included representatives of those involved in past fundraising, as well as members of China’s legislative body, the National People\u2019s Congress.<\/p>\n

The court will issue its verdict at a later date it has yet to set.<\/p>\n

This is a developing story. Please refresh for updates.<\/em><\/p>\n

[analyse_source url=”https:\/\/www.dw.com\/en\/china-evergrande-property-developer-founder-pleads-guilty\/a-76770242″]<\/p>\n","protected":false},"excerpt":{"rendered":"

[analyse_image type=”featured” src=”https:\/\/static.dw.com\/image\/66567119_6.jpg”] https:\/\/p.dw.com\/p\/5C7Ri Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards [FILE: Sept26, 2021]Image: Aly Song\/REUTERS The founder of China’s Evergrande Group, the most indebted property developer in the world, has pleaded guilty to charges including fraud and bribery, a Chinese court in the southern city of Shenzhen has […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[226,74],"class_list":["post-1881012","post","type-post","status-publish","format-standard","hentry","category-politics","tag-crawlmanager","tag-dw-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1881012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1881012"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1881012\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1881012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1881012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1881012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}