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Once upon a time, the name Zhou Xiaoguang was as radiant as a bright star, which made people pay attention! With her outstanding business acumen and indomitable fighting spirit, she climbed to the top step by step and was awarded the title of "the richest woman in Zhejiang".
However, now that Zhou Xiaoguang's property and equity have been seized and frozen by official authorities in accordance with the law, those luxury residences that were once enviable have also appeared on the auction stage and have been forced to become a tool for debt repayment.
Under the pressure of many creditors, she and her husband Yu Yunxin had to resign from all positions in the company in disgrace, and even faced a wanted warrant from the court.
From the shining halo of "the richest man" in the past, to the trough of today's difficult life, Zhou Xiaoguang's life course can be called ups and downs. Today, the basic necessities of life are scarce, and they have been displaced and left to wander the streets.
To deeply understand Zhou Xiaoguang's life trajectory, we must go back to the source of her growth. Zhou Xiaoguang was born in a remote and poor mountainous village in Zhejiang, where his parents worked hard to support the family's livelihood.
In order to share the burden of his family, Zhou Xiaoguang, who was only 16 years old, resolutely chose to drop out of school and devote himself to the challenging entrepreneurial path of becoming a small trader who "exchanged chicken feathers for sugar".
Since then, Zhou Xiaoguang seems to have formed an indissoluble bond with the word hardship. She and her mother carry heavy loads of goods every day, crossing mountains and mountains, and shuttling through the streets and alleys to sell goods.
The rugged mountain roads, scorching summer days and cold winter days, these difficulties did not stop their progress, and it was these arduous years that gave birth to Zhou Xiaoguang's perseverance.
God rewards hard work, and after years of hard work, it has finally ushered in fruitful results. With excellent manual skills and keen insight into the market, Zhou Xiaoguang quickly found a like-minded life partner - Yu Yunxin.
The two worked together to create their own jewelry processing enterprise - Xinguang Jewelry Company, and Zhou Xiaoguang won the reputation of "Queen of Jewelry".
Shin Kong Company is like a butterfly out of a cocoon, developing rapidly. In just two years, the number of employees is close to 1,000 people, and more than 8,000 styles of jewelry have been successfully developed. All these brilliant achievements are due to Zhou Xiaoguang's precise control of the market and her unremitting efforts day and night.
Starting from a nameless vendor to a model of entrepreneurs who are now well-known from all walks of life, Zhou Xiaoguang has profoundly interpreted the spirit of "inspirational" with his unremitting life journey!
Climb to the top. Zhou Xiaoguang did not rest on his laurels, but moved forward and decided to venture into emerging fields such as real estate, in order to promote the diversification of the company.
However, the reality is not as rosy as imagined. In order to expand her real estate business, she had to take on huge debts to raise funds, one of the most notable of which was the one-time issuance of corporate bonds of up to 2 billion yuan.
At the same time, Zhou Xiaoguang's career is booming, frantically acquiring land and real estate across the country, and betting almost all of Shin Kong Group's funds on a single field of real estate.
The company's financial chain was increasingly tight, but her ambition to expand the business could not be suppressed, which eventually led to an over-reliance on the real estate industry.
Faced with such a high-risk decision, industry insiders admonished Zhou Xiaoguang, but she was overconfident in her own judgment and ignored objections.
This blind arrogant mentality is the culprit that led her to the predicament in the end.
Even after experiencing the impact of the real estate deleveraging policy in 2021, Shin Kong Yuancheng fell into financial difficulties, Zhou Xiaoguang was still stubborn and insisted on going his own way, which eventually led to a total loss.
The old debts are unpaid, and the new debts are rising, and Zhou Xiaoguang's debts for the expansion of Shin Kong Group have already exceeded the 10 billion mark. And at the critical moment, a sudden policy storm completely knocked her down.
In 2021, the Chinese government vigorously promoted the real estate deleveraging policy, and Shin Kong Yuancheng Group became the hardest hit area. As a company that relies heavily on the real estate sector, it has borne the brunt of the blow.
The financing channels that could still be maintained were almost completely blocked, and the company fell into an unprecedented financial dilemma.
At this moment, if Zhou Xiaoguang can rein in the precipice in time, there may be room for salvation. However, she was still blindly confident in her own judgment, and not only failed to brake, but accelerated her way.
Finally, under tremendous pressure from creditors and the court, Shin Kong Yuancheng reluctantly announced bankruptcy restructuring in May 2022. Such news was like a thunderbolt in the clear sky, hitting Zhou Xiaoguang's heart hard.
For any company, this is undoubtedly a heavy blow, however, for Zhou Xiaoguang, this is only the beginning of a sharp turn in her personal fortunes, and the future awaits her more serious challenges.
All the contradictions and problems erupted like a volcanic eruption at this moment, like a long-suppressed emotion released in an instant, completely submerging Zhou Xiaoguang. The once-glorious world of Shin Kong has fallen apart, and the former business empire is now only devastated and she has fallen into a low point in her life.
All the upheavals happen in an instant, and the once business legend Zhou Xiaoguang can now only reluctantly accept the judgment of fate. Faced with a huge debt of tens of billions, she could do nothing but watch her personal assets being seized by the court one by one and auctioned off.
Looking back on November 2020, that was the starting point of Zhou Xiaoguang's nightmare. More than 20 properties under Shin Kong Group were auctioned at high prices for the first time, and the total transaction value even exceeded the 100 million yuan mark.
However, this amount was far from enough to pay off their debts, and instead began a new round of disaster.
The following year, the same fate befell Zhou Xiaoguang's four luxury residences under his personal name. These mansions, which she was once proud of, were auctioned for between 16 million yuan and 22 million yuan. For the former "richest man in Zhejiang", watching the fruits of his hard work come to naught, the pain in his heart can be imagined.
What is even more impressive is that even the new residence of Zhou Xiaoguang and her husband Yu Yunxin was not spared and was forcibly sealed by the court. Overnight, they were reduced from lavish mansions to the streets, homeless.
Daily necessities are extremely scarce, and even the most basic needs for food and clothing are difficult to meet.
Looking back on Zhou Xiaoguang's life course is like watching a modern version of a heart-wrenching tragedy. Back then, she was just an ordinary girl from a poor village, and with her diligence and wisdom, she finally broke out of her own sky in the mall.
However, at the peak of her career, she went astray into business decisions and paid a terrible price.
Now, Zhou Xiaoguang has been reduced to a situation where he is penniless and his family is ruined, and even how to solve the problem of food and clothing for the next meal has become a difficult challenge. What a deep sense of helplessness and despair does this show? Yes, the great tide of life will always come so turbulently, only an unwavering will can make us stick to our faith and survive tenaciously in the storm! 、