Evergrande Chairman Under Investigation as Company's Debt Crisis Threatens Liquidation

Evergrande faces over $300 billion in debt and has defaulted on payments, stoking fears of liquidation.
Evergrande chairman Hui Ka Yan is under investigation for transferring assets abroad amid the company's financial troubles.
Trading of Evergrande shares resumed after being suspended due to the investigation into Hui.
China's property sector, which makes up 25% of its economy, faces broader struggles as home sales decline.
Regulators have tightened borrowing rules while trying to stimulate the property market to avoid major economic impacts.