# Asset Seizure

The Fall of China's 'Wage King': Evergrande Ex-President’s Luxury Penthouse Hits the Auction Block

A luxury Guangzhou penthouse belonging to former Evergrande President Xia Haijun is being auctioned by court order following his involvement in a massive corporate fraud scandal. Once China’s highest-paid executive, Xia now faces a lifetime market ban and the systematic liquidation of his personal assets as the state unwinds the developer's collapse.