Not long ago, Xu Jiayin, the board of directors of China Evergrande Group, was suspected of violating laws and crimes and was taken compulsory measures in accordance with the law, which attracted global attention.
As once China's richest man, Xu Jiayin is in charge of a business empire involving real estate, automobiles, finance and other fields, and the reasons and consequences of his arrest have touched the nerves of countless people.
However, regarding the real situation of Xu Jiayin, there are various rumors and speculations circulating on the Internet, and some even claim that he has committed suicide by jumping off the building.
So, what is going on with Xu Jiayin? What are the deep reasons and effects behind his arrest? How does the international community view this event?
Xu Jiayin's arrest: truth and rumors
On the evening of September 28, 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 board of directors of the company, has been taken compulsory measures in accordance with the law due to suspected violations and crimes." ”
This is the first time that Evergrande Group has officially confirmed the news of Xu Jiayin's arrest, and it is also the first time that Xu Jiayin has appeared in the public eye since July this year.
It is reported that Xu Jiayin's arrest may involve multiple crimes, including illegal fundraising, embezzlement of funds, fraudulent issuance of securities, etc. These charges are all related to Evergrande Group's highly leveraged and high-risk business model in recent years.
Evergrande's debt difficulties have aroused widespread concern and concern in society, not only affecting the interests of millions of its owners, investors and employees, but also posing a potential threat to financial stability in China and the world.
In the face of such a grim situation, Evergrande Group has tried to save itself by selling assets, seeking bailouts from relevant departments, restructuring debts, etc., but has failed to make substantial progress.
At the same time, a series of problems have also been exposed within Evergrande Group, such as embezzlement of funds, false publicity, and deception of consumers.
These problems not only damaged the credibility and image of Evergrande Group, but also violated Chinese laws and regulations, leading to the opening of cases and the adoption of compulsory measures by the relevant authorities.
After the news of Xu Jiayin's arrest was announced, some false rumors appeared on the Internet, such as that Xu Jiayin had committed suicide by jumping off a building, or had been sentenced to death.
These rumors are undoubtedly a slander and smear against Xu Jiayin and Evergrande Group, as well as misleading and deceiving the public.
In fact, Xu Jiayin's arrest does not mean that he has been convicted, and he still enjoys legal procedural rights, including the right to defense, appeal, appeal, etc.
Xu Jiayin's arrest: causes and implications
Xu Jiayin's arrest is a complex and sensitive incident, and there are multiple reasons and influences behind it. On a personal level, Xu Jiayin's arrest was the result of his personal actions and choices.
Xu Jiayin is a typical Chinese achiever who, with his diligence, wisdom and courage, has created a business miracle in the tide of China's opening up.
He was once one of China's richest men and one of China's most influential entrepreneurs.
He has not only made great achievements in the field of real estate, but also dabbled in various fields such as automobiles, finance, culture, sports, etc., showing his vision and ambition.
However, it was this vision and ambition that became one of the reasons for his failure.
In the pursuit of business success, Xu Jiayin ignored the importance of risk management and compliance operations, and relied too much on lending and speculation, which led to serious debt difficulties for Evergrande Group.
At the same time, Xu Jiayin did not adjust his strategy and thinking in time to adapt to changes in the market and policies, but continued to adhere to his outdated models and methods, which made Evergrande Group lose its competitiveness and vitality.
In addition, when Xu Jiayin faced the dilemma, he failed to take effective and responsible measures to protect the stakeholders of Evergrande Group, but tried to evade problems and responsibilities by transferring assets, concealing the truth, and shifting responsibility.
These acts not only damaged the credibility and image of Evergrande Group, but also violated Chinese laws and regulations, leading to the opening of cases for investigation and the adoption of compulsory measures by the relevant departments.
From a social perspective, Xu Jiayin's arrest is a manifestation of China's authorities' efforts to safeguard financial stability and social fairness and justice.
As a huge conglomerate involving multiple sectors and industries, Evergrande's debt difficulties not only affect the interests of millions of its owners, investors and employees, but also pose a potential threat to the financial stability of China and the world.
The relevant departments of China attach great importance to this and have adopted a series of measures to prevent and resolve financial risks and protect and safeguard the rights and interests of people's livelihood.
The relevant Chinese departments will not carry out a comprehensive rescue or takeover of Evergrande Group, nor will they allow Evergrande Group to easily go bankrupt or liquidate, but should promote Evergrande Group to carry out self-rescue and restructuring in accordance with the principles of marketization and rule of law, and at the same time seriously investigate and deal with its suspected illegal and criminal acts.
This can not only avoid systemic financial risks caused by the debt difficulties of Evergrande Group, but also punish illegal and criminal acts of Evergrande Group and maintain financial order and social fairness and justice.
Xu Jiayin's arrest is a kind of punishment and warning from the relevant Chinese departments against the illegal and criminal acts of the Evergrande Group, and it is also a kind of killing of other similar enterprises and individuals.
At the international level, Xu Jiayin's arrest is a reflection of China's interaction and influence with the world economy and finance.
As a multinational enterprise group, the debt difficulties of Evergrande Group affect not only China's economy and finance, but also the world's economy and finance.
Many of Evergrande's debt holders are foreign banks, funds, institutions and individuals, all of whom are concerned about whether Evergrande can repay its debts on time or reach a restructuring agreement.
The debt difficulties of Evergrande Group have also attracted the attention and assessment of international organizations and institutions such as the International Monetary Fund and the World Bank.
They all called on the relevant Chinese authorities to take effective measures to prevent the debt difficulties of Evergrande Group from spilling over into the global financial markets.
Evergrande's debt difficulties have also affected some foreign enterprises and individuals with which it has business dealings or partnerships, such as car suppliers, construction contractors, football clubs, etc.
Xu Jiayin's arrest is a demonstration by the relevant Chinese departments of their attitude and determination to the international community regarding the debt difficulties of Evergrande Group, and also conveyed to the international community their confidence and desire to maintain global financial stability and cooperation.
epilogue
In short, Xu Jiayin's arrest is an event that has attracted global attention, and there are reasons and effects behind it at the personal, social and international levels.
We should view this incident on the basis of facts, rationality and fairness, rather than listening to or spreading false or harmful rumors and speculations.
We believe that under the leadership of relevant Chinese departments, with the support of all sectors of society and the cooperation of the international community, the debt difficulties of Evergrande Group can be properly resolved.