China Evergrande Chairman Arrested: Hui Ka Yan Under Police Control Amidst Crisis
The situation surrounding China Evergrande Group, the property developer at the heart of China\'s economic turmoil, continues to escalate. Recent reports indicate significant developments regarding its chairman, Hui Ka Yan, also known as Xu Jiayin in Cantonese.
Hui Ka Yan Under Police Control: What We Know
Several sources confirm that Hui Ka Yan, the billionaire chairman of China Evergrande Group, has been placed under police control. According to people with knowledge of the situation, and as reported on 28 de sept. de 2025, this marks a significant turning point in the ongoing saga of Evergrande\'s financial woes.
Bloomberg reported on 27 de sept. de 2025 that Hui Ka Yan was initially placed under police surveillance. However, the situation has apparently evolved beyond surveillance.
Evergrande\'s Announcement: Suspected Illegal Crimes
On Thursday, 30 de sept. de 2025, China\'s Evergrande Group officially announced that Hui, its chairman, was suspected of unspecified illegal crimes. The company confirmed that "mandatory action" had been taken. Specifically, as stated in a filing to the Hong Kong Stock Exchange on 29 de sept. de 2025, Xu Jiayin, also known as Hui Ka Yan, has been subject to “mandatory measures” on suspicion of crimes.
Context: Evergrande\'s Crisis and Hui\'s Involvement
Hui Ka Yan, the founder of China Evergrande Group, has been at the epicenter of China’s property crisis (28 de sept. de 2025). This arrest raises serious questions about the future of Evergrande and the potential ramifications for the Chinese economy.
Further fueling speculation, earlier reports suggested links between powerful figures and the current investigations. Some reports indicated on 29 de sept. de 2025 that the individual, identified as a Chinese-Canadian billionaire with ties to China\'s Communist Party elite, was taken into custody, albeit under different circumstances, highlighting the intricate web of connections and scrutiny surrounding the case.
We will continue to update this story as more information becomes available.