Xu Jiayin

The Shenzhen Intermediate People's Court sentenced Evergrande founder Hui Ka Yan to life in prison and fined his companies over $2 billion for fraud. He was convicted of engaging in large-scale financial fraud, inflating assets, concealing liabilities, and misappropriating company assets. Furthermore, the court sentenced more than 50 individuals linked to the group on multiple charges.

A court in Shenzhen sentenced Hui Ka Yan, founder of Evergrande, to life in prison for large-scale financial fraud and abusing his position. The ruling also fined the company a total of $2.3 billion, while several other senior Evergrande executives received prison terms up to 18 years on charges including illegal taking of public deposits and fraud.

CDT released its April 2026 summary of censored content from Chinese social media platforms, documenting 28 deleted articles. Key topics included government accusations against foreign forces promoting 'lying flat' lifestyle trends, the Evergrande founder's trial, feminist blogger closures, and a stabbing incident in Shenyang. The archive now contains 2,520 deleted items providing insight into Chinese censorship priorities.

Xu Jiayin, founder of collapsed China Evergrande Group, pleaded guilty to eight charges including misuse of funds and fraudulent fundraising, facing potential life imprisonment. The trial has drawn intense public attention on Chinese social media and highlighted systemic issues in China's property sector, with concerns that other complicit individuals may escape unpunished due to high-level connections.