It's really a big joke, Evergrande was fined 4.175 billion, and Xu Jiayin was restricted from high consumption!

It's really a big joke, Evergrande was fined 4.175 billion, and Xu Jiayin was restricted from high consumption!

First of all, Evergrande Real Estate Group was fined 4.175 billion yuan, which is a huge fine and a good thing, but the key is whether this fine can be put in place? Can it be actually implemented?

Now Evergrande Real Estate Group is seriously insolvent, and has even been issued a winding-up order by the Hong Kong High Court. This means that Evergrande has begun to move towards the stage of liquidation of nuclear assets. According to Evergrande's latest financial data, which is the interim report for 2023, as of June 30, 2023, Evergrande's total funds are 1.74 trillion, but the total liabilities are as high as 2.39 trillion, and the net assets are -644.2 billion. What does this mean? This means that Evergrande is already seriously insolvent, and even if it sells all its assets at their original value, it will not be able to make up for its external debts, and it will still owe 644.2 billion yuan.

So now Evergrande has been fined 4.175 billion yuan, in the context of Evergrande's serious insolvency, is this fine meaningful? Can 4.175 billion yuan really be fined? Can it be truly executed? The answer is obviously not.

This is because, according to mainland law, administrative fines are the most common claims. In other words, the order of repayment of administrative fines should be ranked after ordinary creditor's rights. According to the current situation of Evergrande's assets and debts, all assets are still 644.2 billion yuan after they are sold. That means that the administrative fine of 4.175 billion yuan is a fictitious one, and it is a punishment that has no practical meaning at all. So does it make sense to impose such a huge fine of 4.175 billion yuan on Evergrande? The answer is obviously useless.

Xu Jiayin, the culprit who caused Evergrande Real Estate to fall into hell, made Evergrande bear a debt of more than 2 trillion yuan, and caused huge losses to the country and the people, was only fined 47 million yuan. 47 million yuan, such a fine is definitely a drop in the bucket from the property transferred by Xu Jiayin, and it is very far from the goal of bankruptcy. Therefore, isn't it a big joke that Evergrande Real Estate Group was fined 4.175 billion yuan? Shouldn't Xu Jiayin's confiscation of his family property and confiscation of debts be the best result? This is one of them.

Second, Xu Jiayin was restricted from high consumption. This is definitely very strange, because as we all know, Xu Jiayin has now been taken compulsory measures. If nothing else, according to Xu Jiayin's current criminal facts, what awaits him is definitely to sit in prison. And now that Xu Jiayin has been announced to restrict high consumption, can Xu Jiayin still come out?

If he can still come out, it proves that he really has hands and eyes. If you do this, it is estimated that the people will be angry. If he can't come out, is it because he wants to restrict his high consumption in prison? Therefore, Xu Jiayin's restriction on high consumption is also a strange treatment. Therefore, it makes sense that the news of Evergrande Real Estate being fined and Xu Jiayin being restricted from high consumption can cause so many people to discuss.

The punishment must be realistic and effective, so that the punishment is meaningful and can satisfy everyone. Otherwise, avoiding the important and trivializing it will only arouse the public's disgust and anger. What do you think?