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China’s Million-Dollar Economist Leaves Evergrande for Soochow

  • Ren Zeping worked at the developer for almost four years
  • His annual salary reached $2.3 million, local media reported
Evergrande Faces Crisis of Confidence Over $120 Billion Debt
Photographer: Chan Long Hei/Bloomberg

One of China’s highest-paid macro analysts has left developer China Evergrande Group to return to the securities sector.

Ren Zeping, chief economist at the real estate company and head of Evergrande Research Institute, has joined Soochow Securities Co. as its chief economist, the brokerage said in a written reply to Bloomberg. He thanked Evergrande’s Chairman Hui Ka Yan in a post on his social media account Friday.