Xu Jiayin and his Evergrande Group completely stormed the streets, owing an astronomical debt of 2.5 trillion yuan.
What is the concept? I don't know math very well, but just looking at this number, I feel that my waist is weak, and it is terrible! This is a debt that is higher than the GDP of many countries, and even the total per capita savings of the whole country are far less!
If you think about it, we usually owe tens of thousands of dollars to the bank, and we will be ruthlessly collected like wolves, and it will even affect the use of various living documents. But this Xu Jiayin owes a huge amount of trillions of money, and he can still hang it high and have fun and vacation everywhere? It's so unreasonable!
Let's start at the beginning. In fact, as early as 2021, Evergrande showed signs of breaking the capital chain, and many people doubted at that time whether the real estate company had entered a desperate situation that could not save itself.
Sure enough, not long after, a debt crisis that shocked the entire real estate industry broke out! The majority of owners took to the streets to defend their rights, and upstream suppliers rushed to collect debts in tears, and no company would inevitably be implicated, which was too miserable!
This can off the regulators. After severely criticizing Xu Jiayin's "high-leverage, brutal expansion" model, the regulator immediately offered a "killer weapon" to Evergrande -- strict auditing, restricting financing, and limiting housing prices! Under a series of "untargeted pressure", the once rampant "Iron Man" finally threw himself into the street and was arrested and imprisoned!
Officials said that Evergrande had a series of illegal activities such as illegal financing, concealment of debts, and false transactions. Therefore, Xu Jiayin was fined 47 million yuan and banned from entering the securities market, which can be regarded as a small punishment for him.
But this can make netizens happy. Do you think, an "old scoundrel" who owes trillions of dollars of sky-high debts has been let go so easily? The price of doing whatever you want is too low!
As the old saying goes, if a poor family owes debts, it is an abyss! If they don't repay the money, they may end up ruining their families and losing their lives. But what about the rich? Debts have become the "secret" and "wealth code" of raising money.
No, a while ago, some netizens broke the news that Xu Jiayin's ex-wife came forward to collect debts, saying that Xu Jiayin had borrowed 1 billion Hong Kong dollars from her and did not repay it. Can you imagine? In order to ask for millions of Hong Kong dollars in interest, people are all putting on a posture of sucking Xu Jiayin's blood dry!
Some people also say that Xu Jiayin chartered a private jet to take a first-class vacation and play everywhere, and recruited top Russian theater troupes to perform for his family, and his life style compared many rich people. It's just a naked irony of our ordinary people!
Only then did everyone suddenly realize that it was no wonder that Xu Jiayin could be so arrogant, it turned out that money was his "protective umbrella"! Even Evergrande's public violations and chaos could not catch him, and he was fined tens of millions of dollars and let him go so lightly? It's ridiculous!
In short, although the regulatory authorities have given a "heavy blow" to Xu Jiayin and Evergrande, many people still feel that the punishment is a little incomplete, as if it is just a symbolic beating. After all, the trillions of debts owed have not yet been settled, and the rights and interests of former employees and owners are also gone, so won't there be more risks and hidden dangers in the future?
Let's wait and see, I believe that the regulatory authorities will definitely take more vigorous actions in the next step when dealing with Evergrande, a major case that shocked the whole country. This is not only about the financial industry getting back on track, but also about the vital interests of the broad masses of the people not being harmed.
In the future, it is necessary to let the industry re-enter the track of benign development, so that all the money spent on building houses can be used to repair houses for the people, instead of becoming a "game chip" for speculation and speculation in disguise.
Only in this way can the real estate market return to rationality and truly achieve the policy goal of "housing for living, not speculation". At that time, we ordinary people will no longer be victims of these chaos and will be able to live and work in peace and contentment.
On the other hand, the collapse of Xu Jiayin and Evergrande is a living lesson for those who have become "rats crossing the street"! Whoever acts recklessly and violates the law and discipline will bear the corresponding price, and even if you were once the "first brother" in the industry, you will be worthless!
Therefore, whether you are a big boss or a small transparent, you must be cautious in your words and deeds, and always abide by the rule of law and discipline, in order to truly win respect and development. Otherwise, you can only be like this Xu Jiayin, who has wine today and gets drunk today, and finally "wakes up" with nothing! That would be a pity!