Xu Jiayin, what will be offered?

On September 27, Bloomberg quoted sources that Evergrande Xu Jiayin was taken away by the police earlier this month and is currently under surveillance at a designated location.

Later, the Observer Network quoted people familiar with the matter to confirm the news, saying that it happened a few days ago, and Xu Jiayin's current residence in Beijing has been partially restricted from his freedom of movement.

Later, the China Times further confirmed, citing people familiar with the matter, that Xu Jiayin missed the group's last two regular meetings, one of which was chaired by Xu Jiayin.

Under mainland law, Xu Jiayin is placed under residential surveillance for up to six months and is not allowed to meet or correspond with others.

And it is not only Xu Jiayin himself who is controlled.

On September 16, the Nanshan Branch of Shenzhen announced that criminal compulsory measures were taken against Du of Evergrande Wealth and other suspected criminals. The name of the general manager of Evergrande Wealth is Du Liang.

On September 22, Evergrande announced the cancellation of the debt restructuring meeting

On September 24, Evergrande announced that the company was under investigation and could not meet the qualifications for the issuance of new notes.

On September 26, Caixin reported that Xia Haijun, former CEO of Evergrande, and Pan Darong, former chief financial officer, had previously been taken away by police.

Xu Jiayin and Evergrande's money bosses were all taken away, and Evergrande's debt restructuring meeting and new note issuance were canceled, which the government hall believes marks that the regulator no longer believes that Evergrande can save itself and has begun to intervene administratively.

As for the regulator's "abandonment of treatment" for Evergrande, it may come from Xu Jiayin's fox tail.

Remember that last month, Evergrande issued a series of favorable information, indicating that it had obtained investment from local tycoons in the Middle East, and the Political Affairs Hall specially wrote an article "Divorce! Xu Jiayin wants to run? Remind the regulator that Xu Jiayin is fooling everyone, and his real intention is to prepare to transfer funds overseas and leave debts in China.

As the vane of China's real estate, if Evergrande Xu Jiayin runs like this, Country Garden, Sunac and other bosses will also have a similar copy of Evergrande's operation, at that time, countless holes and rotten buildings will be left in China.

Fortunately, the magic is one foot tall, and after seeing that the limelight is wrong, the bigwigs who supervise Evergrande to manage money directly came to a pot, and none of them could go out.

Many friends are asking questions about Evergrande's house and debts in the background.

In this regard, the government affairs hall seems that although Evergrande's self-help is basically out of play, for Evergrande's customers, depositors and creditors, the current situation is actually good.

Although Xu Jiayin was once the richest man in China and had hundreds of billions of wealth, in fact, Xu Jiayin and other bigwigs are similar to Shen Yishi, seemingly glamorous, but in fact, there is not as much money as everyone imagines, and it is expected that he will sell overseas assets to make up for holes, and it will not make up much.

However, with the experience of climbing the political affairs hall, Evergrande has been in the limelight for more than ten years, and there are no longer a few people who have made a fortune with Xu Jiayin, and even some of them should earn more than Xu Jiayin.

Therefore, as long as Xu Jiayin and several of his executives explain some of Evergrande's off-the-books capital transactions, the government affairs hall judges that the money recovered must be much more than Xu Jiayin's assets hidden overseas.

Therefore, the political affairs hall is not worried because of Evergrande's self-defeat, but a little expectant and excited, hoping that the richest man in Xuda can confess and be lenient, make a few more big fish, and make more "meritorious contributions" for the people.