The exuberant lifestyle of Evergrande's billionaire boss

China In Context

The crisis at the Chinese property group Evergrande Group has brought into focus the exorbitant lifestyle of its chairman, Hui Ka Yan. After vying with Jack Ma for the title of Asia's richest man, Mr Hui's fortune is plunging, as his company defaults on crucial debt repayments. Neither the government nor the central bank seem prepared to bail him out. Yet with liabilities running into hundreds of billions of dollars, Evergrande is seen by investors as a reminder of the risks of doing business with China. In this podcast, Paul Hodges, Chairman Of New Normal Consulting discusses the issues with Duncan Bartlett, Editor of Asian Affairs magazine.
China In Context: Episode 38
Broadcast date: 26 October, 2021