Property News · September 25, 2021

Evergrande: Hui Ka-yan’s childhood dreams fuelled a debt binge and audacious goal that has left the world on tenterhooks


The first of a three-part series on the China Evergrande Group looks at how the world’s most indebted developer grew to its current size and how it avoided scrutiny when China’s authorities cracked down on debt in 2017.On an overcast Monday in early 2017, Hui Ka-yan chaired a staff meeting in Guangzhou, where he set an audacious goal for China Evergrande Group, one that would land the developer four years later in the eye of a storm that is ripping across the financial world.Sitting on a raised…

Source : South China Morning Post
Read more…Evergrande: Hui Ka-yan’s childhood dreams fuelled a debt binge and audacious goal that has left the world on tenterhooks

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