News Analysis Two weeks after Evergrande’s chairman Hui Ka Yan, filed for bankruptcy protection in the United States, Chinese authorities ordered his arrest. Filing for bankruptcy protection in a U.S. court is believed to be a means for Mr. Hui to protect his overseas assets from prosecution and to continue transferring assets. Mr. Hui, also known as Xu Jiayin in Mandarin Chinese, was taken by Chinese police in early September and is reportedly being monitored at a “designated” location. Evergrande filed for bankruptcy protection under the U.S. Bankruptcy Code on Aug. 18, which alerted the relevant Chinese authorities. The Chinese regime launched an investigation and arrested Mr. Hui and several other executives in early September to prevent Evergrande’s capital from flowing out of the country, according to Taiwan’s Central News Agency....Read more https://www.theepochtimes.com/china/the-politics-behind-the-rise-and-downfall-of-evergrandes-hui-ka-yan-5507796