Guangzhou Evergrande Real Estate Co., Ltd. (Evergrande Real Estate) Chairman Li Silian was reported to have been intercepted during an outbound trip before the Chinese New Year due to debt disputes and lawsuits related to project delivery.
According to a report from “Economic Observer,” sources revealed on March 11 that around the time of the Chinese New Year, Li Silian, the chairman of Evergrande Real Estate, was intercepted during his outbound travel. At that time, the immigration and border control personnel stated that he was restricted from leaving the country by the Tianjin Third Intermediate People’s Court.
Sources disclosed that the specific reasons for Li Silian’s travel restriction are unclear. It is speculated that it may involve some projects of Evergrande Real Estate in Tianjin being sued by homeowners due to delivery issues. Additionally, Evergrande Real Estate became a judgment debtor due to debt disputes.
In response to this, the Tianjin Third Intermediate People’s Court stated to the media that the case is still under review, and they are unable to disclose further information. In October and November 2025, the Tianjin Third Intermediate People’s Court has issued two execution judgments against Evergrande Real Estate and related companies, with execution amounts of 1.76 billion yuan and 81.56 million yuan, respectively.
Regarding the news of Li Silian’s travel restriction, Evergrande Real Estate stated that they “have not yet received any official notification” and did not provide further clarification.
It is reported that prior to being restricted from traveling, Li Silian had already been subject to consumption restrictions. According to the court’s announcement, on February 5, 2026, Li Silian and Kuang Nianen, the legal representative of Chongqing Evergrande Yujing, were subject to consumption restrictions by the Tianjin Third Intermediate People’s Court.
Headquartered in Guangzhou, Evergrande Real Estate Co., Ltd. engages in real estate development, design, engineering supervision, property management, and holds national first-class development qualifications and multiple Class A professional qualifications. However, with the downturn in the Chinese real estate industry, Evergrande Real Estate, once one of the “Southern Five Tigers,” is currently deeply mired in debt issues, with various risks continuing to surface.
According to news from The Paper on March 10, the Yindeng Center recently posted information about the transfer of a non-performing loan project, indicating that the borrower, Evergrande Real Estate, is unable to repay.
The transfer information shows that the Shanghai Branch of Beijing Bank Co., Ltd. transferred the non-performing loan of Shanghai Zhonghong Property Development Co., Ltd. in 2026. The amount of the debt is approximately 930 million yuan, with the collateral being commercial properties and ongoing projects, specifically the Shanghai Evergrande Global Center.
From the equity information perspective, the company is owned by Shanghai Evergrande Real Estate Development Co., Ltd. and Evergrande Nanjing Science Park Development Co., Ltd., with ownership percentages of 99.9001% and 0.0999%, respectively, making it a wholly-owned subsidiary within the Evergrande Real Estate system.
According to a Tencent Finance report on March 11, industry insiders analyzed that Beijing Bank’s listing of the transfer of non-performing assets is an active move to clean up non-performing assets.
As of December 31, 2025, the overdue principal balance of debts within the consolidated financial statements of Evergrande Real Estate reached 36.81 billion yuan.
In January 2026, Guangzhou Evergrande Real Estate Co., Ltd. issued 11 tax arrears notices, with a total arrears balance of more than 1.3 billion yuan, including various types of taxes such as land value-added tax, urban land use tax, stamp duty, and property tax.