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