Confirmed! Evergrande's former "No. 2 person" Xia Haijun lost contact, and the Shenzhen Stock Exchange intends to give sanctions

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2024-05-14 08:05Published in Guangdong

Since Xu Jiayin was controlled, Ke Peng, Du Liang, Pan Darong, Liu Yongzhuo and other Evergrande executives have been taken away one after another. However, there is another key person who has not been heard from at all, he is Evergrande's original "No. 2 person" Xia Haijun, Xu Jiayin's most trusted man.

Now, Xia Haijun has new news. The Shenzhen Stock Exchange issued an announcement saying that Xia Haijun was suspected of violating the relevant regulations of the Shenzhen Stock Exchange during his tenure as a director of China Evergrande Group, the controlling shareholder of Evergrande Real Estate Group Co., Ltd., and planned to give him a public determination that he was not suitable to serve as a director, supervisor or senior manager of the bond issuer for life, as well as a public reprimand.

As Xia Haijun could not be contacted, the Shenzhen Stock Exchange informed Xia Haijun of the relevant matters related to the proposed disciplinary punishment in the form of an announcement.

It doesn't matter if you don't punish him, the most important thing is the latter sentence, you can't get in touch with him, which means that Xia Haijun is currently out of touch.

It's confirmed that he is missing, so where did he go? What is certain is that he is 100% out of the country. Xia Haijun was the organizer of Evergrande's financial fraud, which was described in the CSRC's circular as follows: Xia Haijun organized and arranged the preparation of false financial reports, and the means were particularly bad and the circumstances were particularly serious.

If he had been hiding in the country, he would have been arrested a long time ago, and the authorities would have reported it. With our current technology, it's easy to find him. Therefore, Xia Haijun should have fled abroad.

Let's put it this way, if Xu Jiayin is the main culprit, then Xia Haijun is the first accomplice. made Xia Haijun a fish that slipped through the net, and it really shouldn't be. Of course, it is also related to the fact that Xia Haijun, an old fox, is too cunning. In fact, Xia Haijun's retreat is traceable.

In July 2021, China Guangfa Bank publicly collected debts from Evergrande, officially triggering Evergrande's debt crisis. Xia Haijun immediately sold his Evergrande dollar bonds and cashed out about 360 million. In August, Xia Haijun continuously reduced his holdings in Evergrande Property, Evergrande Automobile, and Evergrande RV. Through these reductions, Xia Haijun cashed out a total of almost 1.2 billion yuan.

As the president of Evergrande Group, when the company was in debt trouble, not only did he not help stabilize the company's situation, but reduced his holdings on a large scale.

After that, at Evergrande's various meetings on the delivery of buildings and automobile meetings, Xia Haijun could no longer be seen. The only development was that in October 2021, Xia Haijun was in Hong Kong to discuss restructuring and asset sales.

Xia Haijun naturally knew the real situation of Evergrande well, so after the outbreak of Evergrande's debt crisis, he immediately fled abroad and never came back.

Evergrande never said where Xia Haijun went, but in July 2022, it was said that Xia Haijun participated in the misappropriation of 13.4 billion yuan of Evergrande property and needed to be held responsible, so he was exempted.

In August 2023, Phoenix Financial News said that it learned from a source familiar with the matter that Xia Haijun was helping Xu Jiayin connect with overseas creditors, including applying for bankruptcy protection in the United States, and he was also operating. If this news is true, then Xia Haijun is likely to be hiding in the United States.

Xia Haijun first worked in CITIC for more than ten years. Then he was favored by Xu Jiayin, and it is said that he was invited to visit the thatched cottage three times. After joining Evergrande in 2007, he became Xu Jiayin's most trusted person.

After digging Xia Haijun, Xu Jiayin was like a tiger with wings, and Evergrande soon entered the rapid development channel, from a regional real estate company all the way to China's first real estate company. Xu Jiayin did not treat Xia Haijun badly, according to the statistics of "Zhongxin Jingwei", from 2008 to 2020, Xia Haijun received a total income of nearly 1.638 billion yuan in Evergrande, with an average of 126 million yuan per year.

In addition to salary, Xia Haijun also received shares in Evergrande companies and paid dividends every year. Then, Evergrande issued high-interest dollar bonds for exclusive executives, and Xia Haijun also made a lot of money. Although he is the "emperor of work", Xia Haijun earns more money from Evergrande than most bosses and rich people.

Pushing Evergrande's debt to more than 2 trillion yuan, financial fraud of more than 560 billion yuan, leaving a large number of unfinished buildings, Xia Haijun is also guilty. But now he is at large, holding billions and living a worry-free life, which undoubtedly makes anyone angry when they see it.

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