Top grid trigger?Xu Jiayin may not afford 47 million

Xu Jiayin was fined 47 million, which stirred thousands of waves on the Internet.Does he have money to hand over the fine?There are too many debt disputes in Xu Jiayin. Even if he has assets in his name, he is frozen by the creditor's prosecution, or he is transferred for debt disputes.

Song Xiang in Hubei watched the two photos taken during the two in a real estate in Evergrande in the mobile phone, and couldn't help feeling a lot of emotions.At that time, although the location of Evergrande Real Estate was remote, the popularity was extremely strong, as if heralding the glory of the future.Then, what Song Xiang didn't expect was that just a year later in September 2021, Evergrande had mines.

For more than two years, the news of Evergrande and Xu Jiayin, just like the dog blood plot in the TV series, affects everyone's heart: Xu Jiayin "jump off the building"?Xu Jiayin was arrested ... this time, Xu Jiayin was punished.

On May 31, the CSRC's website announced that in accordance with the law, the fraudulent issuance and information disclosure of Evergrande Real Estate Bonds made an administrative penalty decision to make corrections of Evergrande Real Estate's order, warned and fined 4.175 billion yuan, and against Evergrande EvergrandeXu Jiayin, then the chairman of the real estate and the actual controller, shall be fined 47 million yuan and took the lifelong securities market forbidden measures.

In short, Evergrande Real Estate increased income and profits by confirming income in advance, leading to fraud in bonds issued.The amount involved in this fraud is huge. For example, Evergrande Real Estate issued 20.8 billion yuan of bonds from May 2020 to April 2021.

And, Evergrande Real Estate has not disclosed the annual report of 2021, the mid -term report of 2022, and the 2022 annual report.EssenceIn terms of wording, in addition to the use of top fine fines, the punishment decision facing the then chairman Xu Jiayin used the words such as "the means is particularly bad, the plot is particularly serious".

As soon as the penalty decision was released, the pot was exploded.Some netizens left a message, "This fine is a bit less." In fact, it can be seen through the level of equity through layers of equity. Behind Evergrande Real Estate is the Hong Kong stock listed company China Evergrande, and China Evergrande stands behindIt is BVI (British Virgin Islands)."Every fine of the CSRC has standards, and it is not just a high price. Some behaviors of Evergrande Real Estate are not performed in China, and the Securities Regulatory Commission cannot be punished." Huisheng International Capital, familiar with domestic and international lawsPresident Huang Lichong told the "city boundary".

This punishment is the illegal act of Evergrande's domestic bond market, and it does not involve risk matters of other sectors under Evergrande Group.Song Xiang sighed to the "city industry" that the securities market is a place to talk about integrity. Evergrande real estate does this not only harm the interests of investors, but also seriously disrupts the market order."The punishment of the CSRC is also a warning to other companies."

The punishment with Evergrande Real Estate and Xu Jiayin, as well as the former Evergrande executives, such as Pan Darong, Pan Hanyu, Qian Cheng, etc. were punished and warned to varying degrees, and the fines were from 200,000 to 9 million yuan.No.After reading the full text of the administrative penalty decision, the "city industry" found that in addition to Evergrande Real Estate and Qian Cheng, Xu Jiayin, Pan Darong and others have put forward statements and defense opinions.

Taking Xu Jiayin as an example, there are five points he stated, one of which is "related illegal acts are implemented by others.The identity instructed others to engage in illegal acts. "However, the Securities Regulatory Commission believes that the evidence of the case is sufficient to prove that Xu Jiayin is the chairman of Evergrande Real Estate and actual controller to arrange and organize financial fraud.

In the end, the CSRC's opinions on Xu Jiayin and other people's statements were not adopted.At this point, the dust of the penalty was settled.It is worth noting that the CSRC also mentioned in the punishment letter that because it was impossible to get in touch with Xia Haijun, the announcement of the announcement was launched to deal with it separately.

Xia Haijun is the No. 2 figure of Evergrande Group and is also recognized as "the most trusted man with Xu Jiayin" within Evergrande.Since the control of Xu Jiayin, Ke Peng, Du Liang, Pan Darong and other Hengda executives have been taken away one after another. Xia Haijun has been audited at all.Even in May this year, Xia Haijun was announced by the Shenzhen Stock Exchange and was disciplined publicly. The key figures of the Evergrande Group were still in a state of loss.

For the question of "whether Xu Jiayin can afford 47 million yuan", netizens have discussed.Some people say that if there are so many 47 million yuan, Boss Xu must not afford.Some netizens refute, "The thin camel is larger than the horse, after all, the net worth is there!"

Although Xu Jiayin has shrunk significantly in the past two years (the peak time is 204 billion yuan), the 2023 Hurun Global Rich List was released in September 2023 that Xu Jiayin's net worth still had 20 billion yuan.So, does this mean that Xu Jiayin can still afford 47 million yuan?"Whether he has the ability to pay a fine of 47 million yuan depends on his asset liquidity and actual control." Bai Wenxi, vice chairman of the Chinese Enterprise Capital Alliance, told the "city industry."

The net worth of Xujiayin's 20 billion yuan mainly includes public stocks and corporate assets.For example, during the reporting period of December 2022, Xu Jiayin held 59.78%of China Evergrande's shares, and at the end of the period, the market value was 11.634 billion yuan.

However, Huang Lichong believes that the Xu family's seal may no longer have no assets, and the assets are likely to be in the hands of his ex -wife Ding Yumei, such as houses, cash, stocks, land, property, private aircraft, and so on.The reason why Huang Lichong concluded such a judgment was that there were too many debt disputes in Xu Jiayin. Even if he had assets in his name, he was frozen by the creditors to be frozen or was transferred for debt disputes.

And, since 2021, Xu Jiayin has "bet" his personal property, "sold" (including three villas in Hong Kong, Guangzhou, Shenzhen's luxury homes, and several private planes).For some rigid operating costs.For example, the Hong Kong Top No. 10 House No. 10, which has just been taken over by the buyer at a price of about 470 million Hong Kong dollars, was held by Xu Jiayin or relevant persons.

Although Xu Jiayin has assets overseas, many countries attach great importance to protecting private property.Some countries have clearly stipulated the rights and protection of private property in the constitution or law.The United States, Canada, Australia, Singapore and other countries are particularly strong in protecting private property."If you want to proof, it is difficult to transnate." Huang Lichong said.

In fact, after Evergrande Group's mines, the market was passed on the market to spread Xu Jiayin and Ding Yumei, and to transfer some assets to overseas through "technical divorce".According to the financial industry, since its listing in 2009, Evergrande Group has reached 73.3 billion yuan. The Xu Jiayin family, who has mastered nearly 70 % of Evergrande Groups all year round, at least 50 billion yuan in the dividends of these years.

"She (Ding Yumei) is guessing how much money has taken. After all, Evergrande usually transfer the money and invest back to the debt. For example, the US dollar bond.Come back.For 10,000 steps, Ding Yumei is really rumored as the outside world. With a lot of cash, she will take out 47 million yuan and pay a fine for her ex -husband's family seal?This problem cannot be known.

Xu Jiayin has two sons, his eldest son Xu Zhijian graduated from Tsinghua University, and was responsible for the management of the property, gardens and other aspects of Evergrande Group.Xu Tenghe is the "return" of Harvard University. He has participated in the many businesses of Evergrande. He has been the chairman of the Pearl River Delta Company of Evergrande Group for many years and is also responsible for Evergrande's important work.

However, according to the Daily Economic News report, before Xu Jiayin was taken for compulsory measures, his younger son Xu Tenghe had been taken away.Until February 26, 2024, Ding Yumei entered the Hong Kong High Court, Recover the debt of 1 billion Hong Kong dollars from himself and Xu Tenghe.The market view generally believes that Ding Yumei looks on debt collection on the surface. In fact, she is probably helping Xu Tenghe escape from debt.

This makes things confusing.

Huang Lichong is convinced that Evergrande Real Estate is difficult to pay a fine of 4.175 billion yuan.Because after Evergrande Group's mines, as one of the important subsidiaries, Evergrande Real Estate's assets have also been divided by various creditors.

Evergrande Real Estate's assets are divided into two types: mortgaged and not mortgaged.It is well understood by the mortgage, such as the No. 10 House No. 10 of the Hong Kong Mountain Top Buy, which was mentioned earlier, was mortgaged to CCB Asia.Assets that have not been mortgaged, such as houses, land, vehicles, etc. under the company's name, after Evergrande's mines, it is usually engineers and suppliers to the court to prosecute, and then the court will execute these assets.

"Evergrande from the crisis to the present, the mortgage has been mortgaged. The rest is nothing that mortgaged value. Since there is no mortgage value, it is almost worthless." Huang Lichong believes thatEssenceThis statement has also been proven from the supplier.

Many suppliers found that they could not find executable assets when recovering debts.Either frozen or was taken away by other creditors.The rest is the tables, tables, chairs, and so on.

Sky Eye Increasing Legal Litigation Information shows that from May 23rd to 24th, Evergrande Real Estate Group Co., Ltd. added 4 newly executed information, and the total implementation of the target was more than 984 million yuan, involving financial loan contract disputes, private lending disputes, and private lending disputes.case.The executors of some cases also include Evergrande Group Co., Ltd., Evergrande Real Estate Group (Shenzhen) Co., Ltd., etc.

Risk information shows that more than 790 executive information of Evergrande Real Estate Group Co., Ltd. has more than 72.5 billion yuan.In addition, the company also has a number of information restricting consumption orders and dishonestyes (commonly known as Lao Lai).This also means that Evergrande Real Estate was fined 41.75 billion yuan, and the Securities Regulatory Commission was hard to get it.

"In the case of incapable repayment of Evergrande Real Estate, the CSRC became a creditor during liquidation and took the assets of Evergrande Real Estate by the auction. Generally speaking, such a fine is given priority than the right to pay the claim."The "city world" emphasizes the Tao.

Fortunately, the work of Evergrande Baojiao has been developing in an orderly manner.The person in charge of Evergrande Real Estate told the media that the company is still fully promoting key tasks such as insurance diplomatic relations. At present, the national insurance and diplomatic relations projects have completed more than 80%."I have left the office a month ago. The Evergrande Building in my city has been delivered, and the engineering team has dissolved in place." A former employee of Evergrande, who was responsible for the preservation of the building, told the "city industry."

In addition to Evergrande Real Estate and Xu Jiayin, as well as new trends in the preservation, Evergrande Group's other many sectors, it seems that only Evergrande Property and Evergrande Motors can set off a little ripple in the market.

On May 27, Evergrande's property opened 12.66%to HK $ 0.89.The market view believes that this may be driven by Evergrande's resumption of trading.Due to the shortage of funds, Evergrande Automobile had stopped production at the beginning of this year. On May 17, it was suspended due to waiting for inside information to publish inside information, and it resumed 94.74%on May 27.

This is behind Evergrande Motor's favorable information released on May 26: 3.145 billion potential shares will be acquired in real time, and 3.203 billion potential shares will be sold.A feasible selection of the right to select the right to choose within the time limit."Those who buy Evergrande's car equity are likely to be creditors. Because if no one buys, all his claims will not come back. It is better to add a little more money, get the initiative, and see if you can have the opportunity to reorganize it."Pointing to the "city boundary" analysis.

However, these days, the outside world has speculated that this potential buyer is "Xiaomi".In the bars of Evergrande's stock, a group of shareholders discussed the information warmly, and many people leaped.They are extremely eager for this potential buyer as Xiaomi. After all, who has strong financial resources now, few companies have made Xiaomi."It should not be groundless. According to Xiaomi's current capacity, the factory is urgently needed to expand production. In fact, the renovation of several suspension factories acquired Evergrande Motors can achieve production capacity expansion." A shareholder message.

Unfortunately, things are quickly and clear.On May 30, Xiaomi rumored on the official account. "Xiaomi Automobile has never had a plan and move to acquire or hold Holding Evergrande Automobile.""" On the other side, Evergrande car creditors also complained on social platforms, "When can I get back my money?"

The disappointment is more people who are involved in Evergrande.For example, suppliers, such as some people who have not yet got the Hangzhou house.They stood in the pit that Xu Jiayin dug them, helpless and confused.

(Song Xiang and Xu Feng in the text are a pseudonym.)

(Author | Tao Ting, Edit | Sun Chunfang)