About Evergrande
The date Evergrande was founded.
What is October 25, 1996
The costs a business incur to operate a business, used to generate revenue.
What are expenses
He was arrested, fined $6.5 m, and banned from China's capital market for life.
What are the charges against Hui Ka Yan because of the scandal
The founder of Evergrande.
Who is Hui Ka Yan
The amounts a business earn from the sales of goods and services.
What is revenue
The debts are unpaid, with extremely low recovery rates.
What happened to Evergrande's debts to mainland and offshore creditors
Evergrande's (former) ranking as one of the largest property developers in China.
What is the second largest property developer in China
A business that is listed on a stock exchange and sells shares, required to follow the IFRS.
What is a public business
It failed to report Evergrande's massive fraud.
What is PwC (PricewaterhouseCoopers)
It happened in 2023.
What is the date Evergrande filed for bankruptcy
An accounting principle stating that revenue is recorded when it is earned.
What is the Revenue Recognition Principle
It prevented Evergrande from borrowing money and further expanding.
What is the "Three Red Lines" policy's effect
The characteristics of Evergrande's operational model.
What is high debt, high turnover, high leverage, low cost
The process of closing down a business, selling off assets, paying creditors, and distributing assets to shareholders.
What is liquidation
The event that was sparked by the downfall of Evergrande (and some other real estate developers).
What is the Chinese property sector crisis