All kinds of rumors about the current situation of Xu Jiayin, the actual controller of Evergrande Group, have finally landed!
On September 28, 2023, China Evergrande issued an announcement on the Hong Kong Stock Exchange, saying, "The Company has received notice from relevant departments that Xu Jiayin, executive director and chairman of the board of directors of the Company, has been taken compulsory measures in accordance with the law due to suspected violations and crimes. Trading in the Company's shares will cease on the SEHK with effect from 9am on 28 September 2023 and will continue to cease trading until further notice. ”
On September 28, China Evergrande, Evergrande Automobile, and Evergrande Property suspended trading on the Hong Kong Stock Exchange.
Earlier, on September 24, China Evergrande said in an announcement that in view of the fact that Evergrande Real Estate Group Co., Ltd. (the company's main subsidiary) is under investigation, China Evergrande's current situation cannot meet the qualifications for the issuance of new notes.
On the evening of September 22, China Evergrande issued an announcement that since announcing the company's intention to carry out overseas debt restructuring, the group's sales have not been as good as the company expected. Based on the Company's current circumstances and consultations with its advisers and creditors, the Company believes that it is necessary to revisit the terms of the proposed restructuring to match the Company's objective circumstances and creditors' demands. In view of the above, China Evergrande's scheduled meetings on the proposed restructuring on September 25 and September 26, 2023 (the Company) will not be held. If there are any changes to the terms of the proposed restructuring, the Company will announce it separately.
In addition, Shenzhen Nanshan Public Security announced through the official WeChat public account on September 16 that the public security organs took criminal compulsory measures against Du and other suspected criminals of Evergrande Financial Wealth Management (Shenzhen) Co., Ltd.
It's still the old saying: come out and mix, sooner or later you have to pay it back.
Recalling the last time Boss Xu reported the news of jumping off the building (early December last year), Evergrande released a refuting rumor overnight and uploaded a video of Xu Jiayin speaking at the meeting.
This time, Evergrande issued an announcement and hammered it.
In the past 27 years, Evergrande Group has come to where it is today.
Boss Xu's life perfectly explains the absolute legend of the poor boy who counterattacked into a big man. "Its prosperity is also prosperous, and its death is also sudden."
As "Zhou Yi" said, when the moon is full, it will lose, and when the water is full, it will overflow. People's desires are endless, Chinese often say "retreat after success, see good and receive", but how many people can really do it?
Xu Jiayin was also once China's richest man. When he was at his most developed, it was really windy and rainy.
Xu Jiayin was born in 1958, what kind of year was that? It was the first year of the "three-year difficult period", and people died of hunger in many places, and the eastern part of Yu, where there were many people and few places, was also one of the hardest hit areas. When the village elders now see that children eat wastefully, the most common phrase used to educate children is: "If you waste again, you will live 58 years!" "It means letting children go back to 1958 to experience the taste of hunger and cherish the good life today."
The old days are gone, but childhood poverty is unforgettable.
Xu Jiayin was born in Taikang County, Zhoukou City, eastern Henan Province, and has produced many influential figures in Taikang County in history. Wu Guang, the first righteous of the late Qin Dynasty, Xie An, the famous chancellor of the Eastern Jin Dynasty, and Xie Lingyun, the representative of the landscape poetry school of the Southern and Northern Dynasties, were all from here. Unfortunately, time is like a big sieve, constantly filtering out the resources that can be used. A thousand years later, eastern Yu and the surrounding northern Jiangsu and northern Anhui regions where Taikang County is located became a famous Huangpan District, and because of the large number of displaced people, Taikang County had a reputation as a "beggar's county" among the people.
Xu Jiayin once said that he has a very deep understanding of poverty. "I was born in a very poor place in Yudong, Henan Province, and when I was 1 year and 3 months old, my mother fell ill and had no money to see a doctor, and I had no place to see a doctor. Growing up, I grew up eating sweet potatoes and sweet potato noodles, and I paved, covered, and wore patches on top of patches. When I was in elementary school, in a few broken grass houses in the village that did not cover the wind and rain, the desks made of mud tables encountered rainy weather, heavy rain outside, and light rain inside. When I was in middle school, I was far from home, carrying a basket of sweet potatoes, black nest heads made of sweet potato noodles, and a bottle of salt to school every week, eating a sweet potato, a black nest head and drinking a bowl of salt water for each meal of three meals a day. In summer, it is hot, and the head of the black nest grows hair in half a day, wash it and eat it. After graduating from high school, I wanted to find a job moving bricks for 10 yuan a month, but I couldn't find it. ”
This can be understood as a series of actions to return to society after Xu Jiayin's huge wealth.
Xu Jiayin has mentioned his experience of poverty in his childhood many times in his speeches. He said, "Without the country's policy of resuming the college entrance examination, I would not be able to leave the countryside; Without the state giving me a bursary of 14 yuan a month, I can't finish college; Without the good policy of national reform and opening up, Evergrande would not be where it is today. We must give back to society, actively assume social responsibility, and help those who need help. ”
Born from the poorest years, the poorest places. Catching up with the adjustment of the college entrance examination policy, becoming the first batch of college students in the reform era, thanks to the further deepening of reform and opening up, the market economy is in full swing, going to the sea, coming to Guangdong, the forefront of the reform, doing the most profitable real estate industry, Xu Jiayin's every step is in tune with the policies of the party and the state, all thanks to the tolerance and tolerance of society, can he not sincerely say the above words?
Take a look at Xu Jiayin's help to a place in Guizhou. From the moment Xu Jiayin stood in the Wumeng Mountains, change took place in this land. Since 2015, when Evergrande paired up to help Bijie City, Guizhou Province, Evergrande has sent a total of 2,108 poverty alleviation teams to be stationed in Wumeng Mountain, investing 11 billion yuan free of charge, and helping all 1.03 million poor people in the city to get out of poverty stably by 2020.
In Xu Jiayin's personality factors, you will see an extremely distinctive characteristic: the ability to flex and stretch. Both in temples and in the countryside. He will naturally show his soft side, which has won him an excellent reputation.
When Evergrande was short of funds, Xu Jiayin bowed to many peers.
But he also has a fatal flaw in his character: high gambling! In the years encouraged by the policy, in the era of smooth winds, he gambled right, only this time, he gambled and lost, lost his head, and lost without turning back.
However, this time, Xu Jiayin fell.
Observing the messages and comments of many netizens, many people said that it should have been dealt with a long time ago, taking so much money from the state, bringing so much harm to society and the people, and must be punished. Lao Hu posted yesterday and said: "It has caused such a big loss to the society, Xu Jiayin should not try to 'get rid of the golden cicada' by himself and continue to enjoy wealth." Whether there is criminal responsibility in this should be verified according to law based on facts, but at the civil level, Xu Jiayin should once again become a commoner who no longer has more than ordinary people's property. This is an axiom and a moral bottom line."
Some people also broke the news that in recent years, Xu Jiayin and his family have purchased a large number of high-interest US dollar bonds issued by Evergrande overseas, evaded China's capital control through the method of high interest, converted a large amount of capital into foreign exchange for interest payment, and long ago transferred assets abroad, and became a rich man abroad in the future and lived comfortably for the rest of his life. Whether Xu Jiayin and his family have transferred their assets abroad, the author has no evidence at hand and dare not say anything, but there are indeed too many Chinese tycoons who have transferred their assets abroad, such as Pan Shiyi, a former real estate tycoon.
Speaking of Pan Shiyi, he is a well-known figure in the real estate industry, not much less famous than Xu Jiayin, alternative, personality, unconventional cards, public model, media celebrity. A few days ago, some photos of Pan Shiyi attending a high-level gathering in the United States broke out on the Internet. In the photo, he is full of enthusiasm and smiles, and he is talking to rich people in the United States.
It is clear that Pan Shiyi has integrated into American high society. How many steps are required to legally transfer assets abroad? Pan Shiyi tells us with textbook operation: just three steps.
Step 1: Buy, buy, buy
Since 2014, Pan Shiyi has invested more than 20 billion yuan in assets in the United States, respectively, buying the third tallest skyscraper in New York, New York's high-end shopping mall "Park Avenue Plaza" and the Port Authority Building next to Manhattan Plaza, which are concentrated in the core area of New York, which is like you have three houses in Shanghai People's Square, Lujiazui and Nanjing Road at the same time, and you can eat and drink for a lifetime.
Step 2: Pitch
Pan Shiyi donated 600 million yuan to Harvard and Yale in the name of his wife, saying that it was to help Chinese students, but the real purpose was to buy places for his children. Later, Pan Shiyi's two sons did study at Yale and Harvard, exactly the same as the schools they donated to, proving people's previous speculation.
Step 3: Sell and sell all domestic assets. An insider specially made a statistic for Pan Shiyi, who cashed out 30 billion yuan through real estate in the past 20 years in China. The final deal was to sell SOHO China to the US capital giant Blackstone Group, which offered HK$23.6 billion. If the deal is successful, 14.8 billion will fall into Pan Shiyi's pockets. Later, regulators called off the deal.
Some people say that Pan Shiyi's 20-year real estate career, without a single unfinished building, has created so much tax revenue for the country, provided so many jobs for the society, brought so many business opportunities to upstream and downstream partners, added so many landmark buildings to the city, and finally retreated all over the country to live a rich life abroad, and his intelligence can be called the first person in China's real estate industry.
Do you agree with this statement? How does Xu Jiayin go to prison and Pan Shiyi's dashing compare?
The articles are synthesized from the Beijing News, Rongguan Tianxia, Night Reading Club and the Internet