He was China’s biggest developer. Now is in jail
Less than a decade ago, Hui Ka Yan, also known as Xu Jiayin, was one of the wealthiest men in Asia. This week, a Shenzhen court stripped him of all his wealth and sent him to life in prison. His rise and fall holds lessons for China's property market and Beijing's willingness to make an example of him.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
