#胡锡进: The Xu Jiayin incident should be viewed rationally#Why be rational? You rationalize those who suffer from this?
It is reported that the debt of Evergrande Group reached 2.4 trillion yuan, which will undoubtedly lead to losses for a large number of creditors. Can these people be rational? It is not a matter of rationality, but of finding a solution to the problem. How to compensate creditors is the key to the problem.
In addition, how to prevent similar problems from recurring is also a top priority.
On the evening of September 28, China Evergrande issued an announcement on the Hong Kong Stock Exchange that Xu Jiayin, executive director and chairman of the board of directors of the company, has been taken compulsory measures due to suspected violations and crimes.
The announcement also announced that trading of Evergrande's shares will cease to be traded on the Stock Exchange from 9am on September 28 until further notice.
Evergrande thundered in September 2021, and three years later, the inside story began to be exposed, but Evergrande left a huge hole. According to the announcement of Evergrande, Evergrande's net loss from 2021 to 2022 totaled 812.03 billion yuan (RMB, the same below), and by the end of 2022, Evergrande's total liabilities were about 2.4 trillion yuan, the total asset value was 1.8 trillion yuan, and the net assets were negative 600 billion yuan, which was in a state of insolvency.
Xu Jiayin's methods to hollow out Evergrande are mainly as follows: huge dividends; debt restructuring; issuance of overseas bonds for recycling; Sell off equity and bond depository trusts.
This is also what the relevant departments should guard against. Headline Hot List
