Hui Ka Yan

Hui Ka Yan
许家印
Born (1958-10-09) 9 October 1958 (age 65)[1]
Other namesXu Jiayin
EducationTaikang County No. 1 High School
Alma materWuhan University of Science and Technology
Occupation(s)Businessman, investor
TitleChairman and Party Committee secretary, Evergrande Group
Political partyChinese Communist Party
SpouseDing Yumei
Children2
Chinese name
Traditional Chinese
Simplified Chinese
Transcriptions
Standard Mandarin
Hanyu PinyinXǔ Jiāyìn
IPA[ɕỳ tɕjá.în]
Yue: Cantonese
Yale RomanizationHéui Gāayan
JyutpingHeoi2 Gaa1-jan3
IPA[hɵɥ˧˥ ka˥.jɐn˧]

Hui Ka Yan (Chinese: 许家印, or Xu Jiayin in Mandarin Chinese; born 9 October 1958) is a Chinese former billionaire businessman. He is the chairman of the board and Communist Party secretary of the Evergrande Group, a Chinese real estate developer.[2] The Guangzhou-based company was China's biggest property developer in 2016, based on sales volume; revenue was 211.4 billion yuan (US$31.8 billion). In 2017, Evergrande Real Estate Group achieved sales of RMB 450 billion (US $69.5 billion). As of December 2021 Hui was the largest shareholder of Evergrande Group, holding nearly 60 percent of stock.[3] In September 2023, Hui was arrested and under investigation for suspected illegal activity.

As of October 2023, Hui had an estimated net worth of $979 million according to Bloomberg Billionaires Index,[4] down from a peak of $45.3 billion in 2017.[5] On March 19 2024, Hui was fined $6.5 million for his company´s $78 billion revenue overstatement and banned from China’s markets for life.

  1. ^ "新春特刊之许家印:父亲送我的那块梅花表". Sina Finance. Retrieved 7 June 2018.
  2. ^ "Forbes profile: Hui Ka Yan". Forbes. Retrieved 11 February 2020.
  3. ^ "Evergrande chairman Hui Ka-yan forced to sell pledged shares". South China Morning Post. 10 December 2021. Retrieved 13 December 2021.
  4. ^ Feng, Venus; Pei, Yi Mak (24 October 2023). "Evergrande Founder's Wealth Plunges to New Low as Woes Mount". Bloomberg News. Retrieved 29 January 2024.
  5. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).

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