Xia Haijun News Today

China Evergrande's former CEO, who Chinese regulators recently said was "uncontactable", has sold his home in Hong Kong at a loss of HK$74 million ($9.48 million) from the purchase price, according to a property agent. Xia Haijun last month sold a 2,834 net sq ft (263 sq m) five-bedroom duplex flat in North Point Mid-Levels district on Hong Kong island for HK$82 million, said Gary Lam, a senior sales director at real estate agency Centaline. Xia, who stepped down from the embatt...

A liquidation order to the worlds most indebted property developer shows that in China, no companys too big to fail.

Evergrande’s future is up in the air, with founder Hui Ka-yan under arrest for suspected crimes. Still, the developer may survive a foreclosure attempt later this month, a restructuring lawyer at Hogan Lovells says.

The regulatory crackdown that sparked arrests and a debt crisis in China’s second-biggest developer may do more harm than good to market, say analysts

Foreign investors should expect to suffer from Evergrande’s woes.

Trading in Evergrande shares have been suspended after the Chinese authorities moved decisively against leaders of the property company whose collapse is at the

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.

Is China Evergrande founder Hui Ka-yan under house arrest? Although it is not officially confirmed yet, reports of him being held under &quo...

Suspension comes a month after developer resumed trading and follows its chair reportedly being put under police surveillance

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