Hui Ka Yan was sentenced today: life imprisonment, forfeiture of all assets, Evergrande Group was fined 8.82 billion, and Evergrande Real Estate was fined 7 billion. Fifty-six people went down with him, with the longest sentence being 18 years and the shortest 1 year and 10 months.

It looks satisfying, but don’t rush to applaud. Take a look at the details in the verdict.

The court said that compensating victims for their losses takes priority over fines and asset forfeiture. That sounds like a reassurance for investors, but the problem is... Evergrande has long been insolvent. Priority compensation? Compensation with what? On the books, it’s all unfinished properties and shell assets. Anything valuable was mortgaged eight hundred times over, and some assets were even pledged repeatedly. Even with priority, you probably won’t get much at all.

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CharityMeme

2026-08-22

The people responsible are already behind bars, but what about those who emptied six wallets to buy presale homes? Holding judgments granting them priority repayment and staring blankly at rebar and concrete that have yet to reach the topping-out stage, where are they supposed to vent their anger?

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PeonyMemo

2026-08-20

Prioritizing compensation sounds like a good thing, but Evergrande’s assets were stripped long ago—no matter how you calculate it, the numbers simply don’t add up.

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MemeOverload

2026-08-20

The most ironic part is that restitution took priority over fines, leaving the account cleaner than the person’s face—what a pointless priority.

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PointFigurePlayer

2026-08-20

No matter how clearly the judgment is written, it cannot conjure real gold and silver. Those repeatedly mortgaged assets and transferred cash have long since fled, just like Boss Xu. In the end, all that remains are homeowners standing in the cold wind, guarding half-finished buildings and waiting for a completion notice that will never come.

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PFPDiscountKing

2026-08-20

They ruled—so what? No one's fixing my unfinished building anyway.

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ArbBotHuman

2026-08-20

No term? My mortgage has a term, though.

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AirdropFarmer

2026-08-20

The court says compensation takes priority, but I just want to ask: exactly how many secured creditors come before it? Will it ever get to me?

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OnChainGossiper

2026-08-20

Don't rush to celebrate; think about the 56 who went to prison, and the tens of millions who didn't. Xu Jiayin has been sentenced, but the Evergrande model is not dead—the next pitfall is still waiting. Unfinished buildings won't complete themselves because of a verdict.

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ThirdHalving

2026-08-20

First Review

Fined 8.8 billion—where’s the money from? Land sales, of course.

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Life imprisonment, but what about your unfinished buildings?

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