Xu Jiayin, the founder of China Evergrande Group, confirmed that after being adopted by the police, many executives of Evergrande Group, including Xu Jiayin, the second son of Xu Jiayin, who had led Evergrande's wealth, were also investigated for the case.
According to the First Financial Report, Evergrande Group's core members of the group, including Xu Tenghe, Pan Darong, former chief financial officer of Evergrande, and former chairman of Evergrande Property.Du Liang, the legal representative and general manager of Evergrande Wealth, was also taken away by the Shenzhen police.
Evergrande on Thursday (September 28) issued an announcement confirming that Xu Jiayin was controlled by the police, but did not provide more information about Xu Jiayin's specific case.Analysis believes that among many possible charges, Xu Jiayin is suspected of misappropriation of funds.According to Evergrande Property announced in February, the company was misappropriated by the parent company Evergrande by the parent company Evergrande from 2020 to 2021 (RMB, the same, the same, the same, the same is new).Xu Jiayin claimed that he didn't know, but admitted to signing.
Shen Meng, executive director of the investment bank Xiang Song Capital, said that the announcement has shown that Evergrande involves misappropriation of funds. The government has not held the company's actual controller as soon as possible.Hope to stay for the company to solve the debt problem.
He said that at present, the corporate debt reorganization has not been effective, and as the crisis spreads to the entire Evergrande department, it has reached the time that the official needs to be further involved.
Xue Jianxiong, president of Shanghai Youtao City Asset Management Company and Director of Research of Qian Kerry, said in an interview that Evergrande's wealth default may be the last straw that makes the officials unable to endure Evergrande's high leverage risk outward.Essence
Evergrande's wealth with a fundraising of 92.1 billion yuan is known as Evergrande's "money bag", but with Evergrande's capital chain tension, it is in trouble.At the end of August, Evergrande Wealth said that it was unable to carry out redemption.According to Caixin.com, Evergrande's wealth wealth management products have not been paid about 40 billion yuan.On the 16th of this month, Shenzhen Public Security stated that many suspected criminals who were suspected of criminals in Evergrande's wealth were adopted in accordance with the law.
Xue Jianxiong said that Evergrande has unacceptable to extend real estate's high leverage risks to other industries and consumers by adding leverage and expansion to other industries and consumers.
Another "money bag", which is also not debt, and Hengda Life.On September 15, the Shenzhen Supervision Bureau of the State Administration of Finance and Administration of China announced that it will take over Hengda Life by Haikang Renshi Life Insurance Co., Ltd.
Since the end of 2021, the Evergrande Group has been seriously funded.As of the end of June this year, Evergrande's total liabilities were 2.39 trillion.A source from an asset management agency said that Evergrande creditors involved banks, urban construction investment, private equity, etc. Cross multiple provinces, the debt reorganization may be taken over by national asset management companies.Evergrande's task is to cooperate with the state -owned assets to complete the insurance delivery building.
