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Thu, 20 Aug 2026

Thu, 20 Aug 2026 Founder of collapsed Chinese property giant Evergrande sentenced to life in prison

Hui's sentencing marks a key moment in the fallout from Evergrande's collapse, which shook China's property sector.

* Life in prison sentence
* Confiscation of all personal property
* Fines: + Evergrande Group: 8.82 billion yuan (£960m; $1.31bn) + Evergrande's real estate unit: 7 billion yuan