The Story of Evergrande’s Founder and What It Means for the Company’s Future

The Story of Evergrande’s Founder and What It Means for the Company’s Future
Aerial photo shows a housing complex by Chinese property developer Evergrande in Huaian in eastern Jiangsu Province, China, on Sept. 17, 2021. STR/AFP via Getty Images
Sarah Ho
Updated:
Commentary
What would appear to be an American-dream, rags-to-riches story may not have a happy ending for the founder of Evergrande, China’s largest real-estate developer. After rating agency Fitch lowered the company’s rating to near default, the founder’s history of high-leverage business investments may have finally run the company dry.
Sarah Ho
Sarah Ho
Author
Sarah Ho is a graduate of the PBC School of Finance of Tsinghua University. She has a master’s degree in finance. She used to run her own businesses in financial and investment industries in China. She is now a freelance analyst in finance and lives in the United States.
Related Topics