Former Evergrande Chief Economist: Zeng Yanyan was approved

Chief economist of China Soochow Securities, Qianheng HenghengRen Zeping, chief economist and president of the Evergrande Institute of Evergrande, revealed that he had stated to Evergrande executives that he proposed to reduce liabilities and oppose diversified expansion, but was criticized at a company cadre conference.

China Evergrande Group currently has more than US $ 300 billion (S $ 405.8 billion), which is the world's largest real estate developer.

Ren Zeping issued a post on the WeChat public account "Zeping Macro" today (11th), saying that after he joined Evergrande in December 2017, he found that Evergrande's debt ratio has risen sharply to 86.25%, And plan to diversify diversification.

He said that he hoped to speak at that time to contribute to this company, industry and even society.Therefore, he "reducing liabilities and opposing diversification (expansion) in front of several main responsible persons.But the company did not accept it.

Ren Zeping recalled: "(I) was criticized at a company cadre conference, and also criticized for a long time. The general meaning was that my pattern was not enough and could not recognize the company's major strategy."

He said that in the second half of 2020, he felt that he had made his due words and efforts, but because of the use of words, it was difficult to integrate.In addition, judging China's determination and strength to regulate real estate is great, and the era of real estate is over. Academic research is more suitable for you, so he proposed to leave.Evergrande approved in March this year.

According to the China -Singapore Jingwei report, Liu Shengjun, a Chinese economist, issued a document in early September, accusing Ren Zeping of 15 million (RMB 3.14 million) annual salary flickering the founder of Evergrande Xu Jiayin.Liu Shengjun said that what Xu Jiayin lacked was not guts, but rational, and Ren Zeping's characteristics were "sensational", "flicker", "seeing the wind is rain", "it would bragging".

Liu Shengjun also said that the reason for Evergrande's plight is that excessive expansion leads to a problem with the capital chain.At this time, Evergrande's most unnecessary is Ren Zeping's "chicken blood" support.However, after Ren Zeping joined Evergrande, he published a series of encouragement views. This prediction made Xu Jiayin bigger.