Forensic Case File • Judicial Life Sentence

Evergrande Collapse & Debt Contagion Tracker

Forensic autopsy of Evergrande's $330B+ systemic default cascade, offshore bond haircut modeling, and founder Hui Ka Yan's sentencing.

Total Debt Pool
$330.0B
Peak Personal Net Worth
$42.0B
Current Legal Status
Life Imprisonment
CRISIS TIMELINE & LIQUIDITY MORPHOLOGY Stage 6 of 6
August 2026 Judicial Verdict: Final Enforcement
Founder Hui Ka Yan Sentenced to Life Imprisonment
Chinese court hands founder Hui Ka Yan a life prison sentence following five years of investigations into multibillion-dollar asset stripping and systemic financial fraud.
CAPITAL STRUCTURE & CLAIMANT CASCADE ($BN) D3.js Dynamic Flow
■ Onshore Social Priority (Homes/Supply) ■ Bank & Trust Debt ■ Offshore USD Notes
RECOVERY WATERFALL HAIRCUT MODEL Simulate Restructuring

Adjust claimant haircuts to simulate state-mandated social stability priority vs offshore bond losses:

Claimant Class Claims Haircut % Recovery
AGGREGATE LOSS WRITEOFF
$165.5B
OVERALL RECOVERY RATE
49.8%
CONTAGION TRANSMISSION & MACRO SPILLOVER Systemic Vulnerabilities
Unfinished Residential Units
~1.62M
Pre-sold homes at risk across 280+ Chinese municipalities.
Supply Chain Contractors
$95.0B
Trade bills and commercial paper unpaid to construction firms.
Municipal Land Concession Slump
-44.5%
Decline in local government land auction sales revenue.
Offshore USD Bond Destruction
98.2%
Secondary market price drop across high-yield China developer debt.
FORENSIC RESOLUTION DOSSIER & AUDIT EXPORT 
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