# Evergrande **URL:** \ **Category:** Finance/Investments\ **Created:** [September 20, 2021, 8:30pm UTC](https://community.goactuary.com/t/evergrande/4071 "2021-09-20T20:30:39Z")\ **Posts on this page:** 10\ **Page:** 1
**Author:** ![colonelsmoothie](https://community.goactuary.com/user_avatar/community.goactuary.com/colonelsmoothie/32/136_2.png) [@colonelsmoothie](https://community.goactuary.com/u/colonelsmoothie)\ **Post date:** [September 20, 2021, 8:30pm UTC](https://community.goactuary.com/t/evergrande/4071/1 "2021-09-20T20:30:39Z")
Sounds like this is going to be a bankruptcy of epic proportions. Is this the bursting of the China bubble? ---
**Author:** ![1695814](https://community.goactuary.com/user_avatar/community.goactuary.com/1695814/32/38506_2.png) [@1695814](https://community.goactuary.com/u/1695814)\ **Post date:** [September 20, 2021, 8:48pm UTC](https://community.goactuary.com/t/evergrande/4071/2 "2021-09-20T20:48:31Z")
China only lets bubbles pop when they want those bubbles to pop. Someone needed to be taught a lesson. ---
**Author:** ![John.S.Mill](https://community.goactuary.com/user_avatar/community.goactuary.com/john.s.mill/32/9771_2.png) [@John.S.Mill](https://community.goactuary.com/u/John.S.Mill)\ **Post date:** [September 21, 2021, 2:08am UTC](https://community.goactuary.com/t/evergrande/4071/3 "2021-09-21T02:08:49Z")
Well all the new constructions in my city have like 25% investment buyers who are most likely from China. Pretty sure this will bankrupt the US housing market as well. We’ll see. ---
**Author:** ![R\_Daneel\_Olivaw](https://community.goactuary.com/user_avatar/community.goactuary.com/r_daneel_olivaw/32/420_2.png) [@R\_Daneel\_Olivaw](https://community.goactuary.com/u/R_Daneel_Olivaw)\ **Post date:** [September 21, 2021, 2:52pm UTC](https://community.goactuary.com/t/evergrande/4071/4 "2021-09-21T14:52:03Z")
Might hurt the coasts and London on the high end, but it won’t destroy the US housing market in general. Honestly it would be better to get rid of those investment buyers anyway. Cut down some of the demand/profit margin on mansion construction and that could trickle down to lower material/labor prices for smaller homes. ---
**Author:** ![colonelsmoothie](https://community.goactuary.com/user_avatar/community.goactuary.com/colonelsmoothie/32/136_2.png) [@colonelsmoothie](https://community.goactuary.com/u/colonelsmoothie)\ **Post date:** [July 18, 2023, 2:59pm UTC](https://community.goactuary.com/t/evergrande/4071/5 "2023-07-18T14:59:21Z")
> **[Evergrande: Crisis-hit Chinese property giant reveals $81bn loss](https://www.bbc.com/news/business-66229701)** > > The embattled Chinese property giant has reported its long overdue earnings for 2021 and 2022. ---
**Author:** ![colonelsmoothie](https://community.goactuary.com/user_avatar/community.goactuary.com/colonelsmoothie/32/136_2.png) [@colonelsmoothie](https://community.goactuary.com/u/colonelsmoothie)\ **Post date:** [August 18, 2023, 12:25am UTC](https://community.goactuary.com/t/evergrande/4071/6 "2023-08-18T00:25:30Z")
[https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/](https://www.reuters.com/legal/china-evergrande-files-chapter-15-bankruptcy-us-court-filing-2023-08-17/) ---
**Author:** ![joejam](https://community.goactuary.com/letter_avatar_proxy/v4/letter/j/aca169/32.png) [@joejam](https://community.goactuary.com/u/joejam)\ **Post date:** [August 18, 2023, 12:36am UTC](https://community.goactuary.com/t/evergrande/4071/7 "2023-08-18T00:36:24Z")
Looks like the next domino might be falling: Country Garden, another giant real estate developer is facing significant headwinds and missed a bond payment recently. [https://www.reuters.com/markets/asia/country-garden-how-bad-is-chinas-property-crisis-2023-08-17/](https://www.reuters.com/markets/asia/country-garden-how-bad-is-chinas-property-crisis-2023-08-17/) ---
**Author:** ![Klaymen](https://community.goactuary.com/user_avatar/community.goactuary.com/klaymen/32/194_2.png) [@Klaymen](https://community.goactuary.com/u/Klaymen)\ **Post date:** [October 25, 2023, 9:51pm UTC](https://community.goactuary.com/t/evergrande/4071/8 "2023-10-25T21:51:43Z")
Ouch China Evergrande founder’s fortune plunged to $979 million, from its peak of $42 billion in 2017. ---
**Author:** ![Mathman](https://community.goactuary.com/user_avatar/community.goactuary.com/mathman/32/14042_2.png) [@Mathman](https://community.goactuary.com/u/Mathman)\ **Post date:** [October 27, 2023, 2:18pm UTC](https://community.goactuary.com/t/evergrande/4071/9 "2023-10-27T14:18:24Z")
![image](https://community.goactuary.com/uploads/default/original/3X/1/a/1a78726286c5e4ad31e04cfbf2eebfbabd0becd6.png) ---
**Author:** ![colonelsmoothie](https://community.goactuary.com/user_avatar/community.goactuary.com/colonelsmoothie/32/136_2.png) [@colonelsmoothie](https://community.goactuary.com/u/colonelsmoothie)\ **Post date:** [August 20, 2026, 5:54pm UTC](https://community.goactuary.com/t/evergrande/4071/10 "2026-08-20T17:54:37Z")
> **[Founder of China’s Evergrande jailed for life after pleading guilty to fraud](https://www.theguardian.com/business/2026/aug/20/evergrande-founder-jailed-life-fraud-hui-ka-yan)** > > Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty fines