Guangzhou court restricts China Evergrande founder Hui Ka-yan’s spending

Q: How long will it take to read this news story?

The story "Guangzhou court restricts China Evergrande founder Hui Ka-yan’s spending" has 280 words across 9 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Guangzhou court restricts China Evergrande founder Hui Ka-yan’s spending" was covered 2 hours ago by SCMP, a news publisher based in Hong Kong.

Q: How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news. The outlet is headquartered in Hong Kong and publishes an average of 11 news stories per day. It's most recent story was published 1 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23902726</li><li>URL: https://beamstart.com/news/guangzhou-court-restricts-china-evergrande-1732692</li></ul>

SCMP Logo SCMP 2h ago

Guangzhou court restricts China Evergrande founder Hui Ka-yan’s spending - SCMP

Quick Summary:

It has been almost three years since China Evergrande, once the largest real estate developer in China, defaulted on its debts.

But for the first 10 months of this year, new home sales continued to slide to around 6.75 trillion yuan (US$930 billion), about half of their peak in 2021, according to the latest data from China’s statistics bureau.

Executives at companies who are directly responsible for debt obligations face the same restrictions.