21st August 2026 – (Hong Kong) Evergrande founder Xu Jiayin’s Hong Kong private holdings, tallied from court papers used to freeze his assets, include three Peak mansions, a Tsim Sha Tsui flat, two Rolls-Royce Phantoms, two superyachts and three aircraft, together worth at least tens of billions of Hong Kong dollars.
Xu, also known as Hui Ka-yan, was sentenced to life imprisonment by the Shenzhen Intermediate People’s Court on Thursday on eight counts including illegally absorbing public deposits and fundraising fraud, with lifelong deprivation of political rights and confiscation of all personal property. Evergrande Group and Evergrande Real Estate were fined a combined 15.8 billion yuan, about HK$18.4 billion. His sons Xu Zhijian and Xu Tenghe were among related defendants jailed for terms ranging from one year and 10 months to 18 years.
According to documents filed when Evergrande sought to freeze Xu’s assets, he held four Hong Kong properties: houses at 10B, 10C and 10E Barker Road on the Peak, bought around 2009 through companies, and a flat at Cheung King Building, 144 Austin Road, Tsim Sha Tsui, purchased in 1999 and long described as his early foothold in the city. House 10B was sold by receivers in 2024 for HK$448 million. The Austin Road unit was sold this year for HK$3.2 million to help meet a mainland creditor claim of about 6 billion yuan.
Court papers from 2024 also list two Rolls-Royce Phantom saloons in his name, one bearing Hong Kong plate HD3333, matching China Evergrande’s stock code, and another with mainland plate Yue A98888. He held two superyachts, including EVENT, which spent long periods moored at Golden Coast in Tuen Mun and was later reported in the Philippines; overseas media have cited sources saying Evergrande sold it for about US$32 million to chip away at offshore debt. The second yacht, Evergrande No.1, has no confirmed recent location.
The same files refer to one private jet and two Airbus aircraft by model only. Liquidators have been reported as preparing to sell some of the planes, but their latest status remains unclear. Even so, the property, cars, boats and aircraft alone already add up to tens of billions of Hong Kong dollars on paper as creditors race to seize what remains of his fortune.
Xu and Ding Yumei were revealed in 2023 to have undergone what media called a technical divorce. Ding left Hong Kong to live overseas. British courts froze her assets in 2024 and allowed living expenses of up to £20,000 a month, about HK$210,000. Bloomberg reported that year that she held about HK$2.22 billion in overseas property worldwide, which Hong Kong liquidators have been hunting and which may face receivership or auction. Ding also sued Xu Tenghe in the High Court in 2024 for more than HK$1 billion, a claim critics branded a technical debt action to legitimise her creditor status.