Core Viewpoint - The Hong Kong Court of Appeal has rejected the appeal application by former Evergrande Group CEO Xia Haijun, maintaining the global Mareva injunction against him [1][4]. Group 1: Legal Proceedings - The court ruling on January 2, 2026, upholds a previous injunction that prohibits Xia Haijun from handling assets worth HKD 60 billion and from processing funds obtained from the sale of the Bai'ao Mountain property [1][4]. - The injunction was initially granted in June 2024, following Evergrande's bankruptcy proceedings due to debts exceeding CNY 2.5 trillion [1][4]. - The court has extended the injunction and denied Xia's application to revoke it, citing insufficient grounds for his appeal [1][4]. Group 2: Background on Xia Haijun - Xia Haijun, born in 1964 in Harbin and a Canadian citizen, previously served as Vice Chairman and CEO of Evergrande Group, earning a reputation as a "working emperor" [3][6]. - He holds a PhD in industrial economics and led the company's financial and capital operations after joining in 2007 [3][6]. - In 2017, he topped the Forbes list of CEO salaries for Chinese companies listed in Hong Kong with an annual salary of CNY 270 million [3][6]. - Following a dispute over CNY 13.4 billion in deposits, Xia resigned in 2022 and was later reported to be hiding in California, USA [3][6]. - Since 2024, Hong Kong courts have frozen assets worth HKD 60 billion under his name, and he has been banned for life from the securities market due to involvement in financial fraud [3][6].
刚刚！恒大二号人物夏海钧申请解封600亿资产上诉失败