Xu Jiayin, the name shines like a star in the Chinese business world. He is the founder and helmsman of Evergrande Group and a legend of China's real estate industry. However, a series of recent events have led to the development of another Xu Jiayin, a troubled entrepreneur, and even a party suspected of violating the law and committing crimes.
The reason why Xu Jiayin has become a leader in the business world is inseparable from his excellent business vision and decision-making ability. He dared to take risks and innovate, and during the booming period of China's real estate market, he successfully built Evergrande into a business empire with many real estate projects. However, it was this adventurous spirit that led him to make mistakes in some of his investments.
Xu Jiayin's wealth has also become his burden. As Evergrande continued to grow, his personal wealth also skyrocketed. However, this also raises a series of questions. The contradiction between his huge dividends and the company's financial stability is becoming more apparent. This dividend model has brought huge wealth to the company in the short term, but it has also led to pressure on the company's capital chain.
In this case, the audit issue also attracted much attention. Auditing is an important part of ensuring a company's financial soundness, however, there are some problems in the audit process. Audits are unable to accurately predict the future, which leads to bias in some investment decisions. At the same time, the roles and responsibilities of domestic and international accounting firms are also worth exploring.
Faced with this series of problems, Xu Jiayin obviously felt tremendous pressure. The transfer of his assets became a problem, especially the recovery of overseas assets. Although Chinese law provides for the revocation of trusts, it is extremely difficult to enforce in the face of overseas assets. However, on this issue, we cannot give up our efforts to recover it, and it is important to remain firm.
Overall, the Evergrande incident is a wake-up call that there are still many problems that need to be addressed in terms of the regulatory and audit system. At the same time, it also allows us to see the helplessness and struggle of entrepreneurs in the face of difficulties. As an entrepreneur, Xu Jiayin may make mistakes, but the important thing is to be brave and work hard to solve problems.