Evergrandes grundare erkänner bedrägeribrott

The Chinese property sector crisis was a financial crisis sparked by the 2021 default of Evergrande Group. Evergrande, along with other Chinese property developers, experienced financial stress in the wake of overbuilding and subsequent new Chinese regulations on these companies' debt limits. The crisis spread beyond Evergrande in 2021 to such major property developers as Country Garden, Kaisa Group, Fantasia Holdings, Sunac, Sinic Holdings, and Modern Land. Following widespread online sharing of a letter in August 2021, in which Evergrande warned the Guangdong government that it was at risk of experiencing a cash crunch, shares plunged, impacting global markets and leading to a slowdown of foreign investment in China. The company unsuccessfully attempted to sell assets to generate money, missed several debt payments, was downgraded by international ratings agencies and finally defaulted on an offshore bond at the beginning of December 2021. The ratings agency Fitch declared the company to be in "restricted default". At the beginning of the 2020s, thousands of retail investors, as well as banks, suppliers, and foreign investors were owed 2 trillion RMB (310 billion USD) by Evergrande alone. On 29 January 2024, a Hong Kong court ordered Evergrande to be liquidated.

The China Evergrande Group was a Chinese property development company. Before its dissolution in 2024, it had become the second largest property developer in China by sales and the most valuable real estate company worldwide. Evergrande's sudden collapse in 2021 sparked the ongoing Chinese property sector crisis. Evergrande was founded in 1996 by Hui Ka Yan (Xu Jiayin). It sold apartments mostly to upper- and middle-income earners. Evergrande was incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. By 2017 Evergrande had become the second largest property developer by sales in China. In 2018, Evergrande became the most valuable real estate company in the world, but by 2021 it had collapsed financially and started the Chinese property sector crisis under Xi Jinping's policy. The company eventually filed for bankruptcy in the United States in 2023. On 29 January 2024, the company was wound up by the High Court of Hong Kong. On 24 August 2025, Evergrande was delisted from the Hong Kong Stock Exchange after more than 15 years of trading, following years of financial distress, missed debt payments and an ongoing restructuring process.