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Business

Companies, industries, and the decisions inside them that don't make headlines but should.

Evergrande founder Hui Ka Yan in Hong Kong in 2019.Paul Yeung

China jailed Evergrande's founder for life and fined the company $2.3 billion. The fine queues behind everyone it owes.

Hui Ka Yan got life, his sons got prison terms, and dozens of others were sentenced alongside them. Two corporate fines totalling ¥15.82 billion landed on an estate carrying more than $300 billion in liabilities. Under China's own Criminal Law, that money is explicitly ranked behind compensation to victims — which tells you what the fines are for, and what they are not.

Muhammad Zahid · 25 Aug 2026 · 5 min read

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