Investing
Evergrande's $460 Million Man Is Top CEO to Fall in China Crisis
Xia Haijun was highly valued at the developer before everything unraveled with his involvement in arranging undisclosed loan guarantees.
Unfinished apartment buildings at the construction site of a China Evergrande Group development in Beijing.
Photographer: Andrea Verdelli/BloombergThis article is for subscribers only.
Xia Haijun was long considered the closest associate of China Evergrande Group founder Hui Ka Yan. He accompanied Hui for a Harvard University visit in 2018, bought company bonds to boost market confidence and was the one sent to Hong Kong last year to discuss the developer’s asset sales.
All told, Xia was a valued member of the Evergrande family. And his salary showed it: He earned more than $460 million since 2009.