In the 90s of the 20th century, a young man named Xu Jiayin came to Shenzhen, a city with development opportunities. At first, Xu Jiayin was penniless and could only pick up cement at the construction site. However, he was ambitious and always wanted to get rich. By chance, he heard that Shenzhen was going to renovate shantytowns, and a large number of resettlement houses were needed. 
Xu Jiayin keenly grasped this business opportunity. However, real estate investment requires a lot of capital. Xu Jiayin was so poor that he raised money from **At this time, he let it go, promised to give employees high bonuses, and coaxed them to go to the bank to take out loans to start his own business. Many employees "took the bait" in the face of huge ** and lent Xu Jiayin the first pot of gold. After obtaining the funds, Xu Jiayin took decisive action to snap up the land around the shantytown. He used various means to speculate on the land, and attracted the masses to buy houses through propaganda and lies. It didn't take long for Xu Jiayin to reap the first huge profits from real estate development. With vision and luck, Xu Jiayin finally started from scratch and completed the transformation from a construction worker to a real estate tycoon. An opportunistic gambler has risen in the hot land of Shenzhen. After obtaining the first pot of gold, Xu Jiayin quickly joined the ranks of the nouveau riche. He bought the most expensive mansion in Shenzhen and lived a life of fine clothes and food. The villa is resplendent with famous paintings and antiques everywhere. He also bought a complete set of ** tableware from abroad, and drank with his lover Bai Shanshan frequently. At first, Xu Jiayin was intoxicated with the joy of success and wanted to enjoy life. A few years later, in the process of expanding the real estate empire, Xu Jiayin became more and more arrogant and lascivious. Convinced that his social status was unbreakable, he began to openly flaunt his wealth. Xu Jiayin invested hundreds of millions of yuan alone to establish the Evergrande Song and Dance Troupe, with Bai Shanshan as the chief director. The troupe gathers top artists, and Xu Jiayin often asks everyone to perform for him. At the same time, he also bought the best sports cars, held extravagant banquets, and bought famous calligraphy and paintings to decorate his life. However, behind the flash, Xu Jiayin's violence and ruthlessness were also exposed. Evergrande is facing a trillion-dollar debt crisis, and Xu Jiayin is still smiling and dismissing employees and defaulting on their wages for a long time. Success made Xu Jiayin forget the years of hard work, he thought that he was standing at the top of the food chain, and he could finally squander and trample on the dignity of others. Xu Jiayin's real estate empire is expanding rapidly, but its operating capital chain is increasingly stretched. Because of his continuous profligacy and extravagance over the years, his living expenses far exceeded the company's actual profits. 
In order to maintain the operation of the empire and continue his extravagant life, Xu Jiayin chose to go into debt frenzy. He asked the company's employees to borrow a large amount of money from banks in various names, and even used fraud to promise returns and bonuses to coax more ordinary employees to borrow on his behalf. Over the past few years, Xu Jiayin has incurred trillions of debts. He invested the money heavily in new real estate projects and luxury spending. Xu Jiayin is convinced that as long as the company can continue to grow, he will be able to repay these debts, and he will be even richer than the rest of the country. However, after the peak of the bull market, China's real estate policy changed in 2017, and the Xu Jiayin empire encountered an unprecedented test. He was unable to repay a large amount of his debts as they fell due, and a crisis was on the verge of eruption. Not only did Xu Jiayin's own life hang by a thread, but he also dragged down countless ordinary employees because of a huge overdraft, and they were also burdened with huge debts, and even their basic lives were facing difficulties. 
After China regulated the real estate market in 2017, Xu Jiayin's real estate empire began to crack one after another. With trillions in debt, Xu Jiayin was unable to get new loans from banks to fill the funding gap. At first, Xu Jiayin tried to pay off his debts by selling off his assets. But the money from the sale is far from enough. Soon, Evergrande's real estate project was forced to stop construction and sales, and the owners who had already paid in advance were excited. Then, Xu Jiayin's mansion, company building, and equity were also maliciously liquidated and mortgaged, and he watched his real estate empire collapse under high debts. At the same time, Xu Jiayin is also facing a wanted and investigation by the court. A large number of authorities were involved in the scandal, and all his illegal actions were made public. Xu Jiayin realized that he could not escape justice, and chose to voluntarily surrender accompanied by his family. 
In 2022, Xu Jiayin was officially arrested and brought to justice, and his legendary life came to an end. The splendid mansion has also become the only prison in his life. Xu Jiayin had to face the trillions of debts he owed and the painful fate of the thousands of people implicated in it. All extravagance and dreams have been wiped out in this debt crisis. Xu Jiayin fell from the clouds to the dust, and he is no longer a beast standing at the top of the food chain, but a loser who is about to spend the rest of his life in prison. After being imprisoned, Xu Jiayin behaved well and was soon released on parole. On the day he was released from prison, Xu Jiayin looked new. He sincerely apologized to the public, expressed repentance, and promised to repay the debt and compensate the victims through his own efforts. 
During this period, China's real estate market was revived, and Xu Jiayin was keen to seize the opportunity to return to his old business. With his business acumen and social connections, he once again built a real estate empire. The previous debt crisis seemed to be just a terrible nightmare, and Xu Jiayin once again managed to return to his peak. After rebuilding his real estate empire, Xu Jiayin did not learn from the past, and he soon indulged in a life of extravagance. With Xu Jiayin having to repay his old debts, the new company is more indebted than ever. It was at this time that a crisis struck the entire industry. Under the new regulatory policy and market environment, China's real estate has entered a cold winter period. This crisis is deadlier than any other, and almost all real estate companies cannot escape the fate of bankruptcy. 
Xu Jiayin once again faced the dilemma of breaking the capital chain. He traveled to get new loans, but no institution was willing to support the grounded shipwreck, already heavily indebted. Xu Jiayin's former allies also stood against him, and he really had no way to retreat this time. Under the pressure of the financial crisis, Evergrande Group collapsed completely. The real estate project is suspended, the employees are disbanded, and the stock price is **. Xu Jiayin watched everything he had worked so hard to build fall apart in the face of debt. At the same time, due to suspicion of a number of economic crimes, ** also issued a wanted warrant for Xu Jiayin. Under the persuasion of his family, Xu Jiayin voluntarily surrendered. When he walked into the familiar detention center again, he couldn't help but redden. The last glimmer of hope in life was dashed with the closure of the prison gates. 
Xu Jiayin's legendary life ended in the most dramatic way.