SUBSCRIBERS

Evergrande boss's excesses earn him 'China's Trump' moniker

Hui Ka Yan too has a penchant for grandeur.

Published Wed, Jan 4, 2017 · 09:50 PM

Singapore

HUI Ka Yan may not realise it, but he has a lot in common with Donald Trump. Like the US president-elect, the founder and chairman of China Evergrande Group - the country's largest developer by assets - traces his fortune to property and built it on a mountain of debt.

Mr Hui also has a penchant for grandeur and excess. JPMorgan Chase & Co slammed his purchase of a Hong Kong office tower as "another example of immature capital management", while Jackson Martinez, the Colombian striker for his Guangzhou Evergrande Taobao Football Club, is one of soccer's top earners.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here