One month after Xu Jiayin was arrested, there was finally news that he was suspected of violating the law and committing a crime and was taken compulsory measures. Xu Jiayin, who was once worth more than 100 billion, has now become a prisoner.
This incident not only dealt a heavy blow to Evergrande Group, but also triggered a chain reaction. Negative news came one after another, and foreign venture capital firms, ** companies, property owners and bank staff were affected. At this time, Guan Shanxiang, a well-known private equity tycoon, chose to commit suicide and passed away, which was at the time of Evergrande's crisis.
However, in this sudden Evergrande crisis, some problems have already been exposed. Although the relevant authorities investigated the people and things involved in Xu Jiayin and put them in the regulatory spotlight, many people believe that the early warning and supervision are not prepared.
With the gradual increase of public attention, "whether the unfinished building can be completed" has become a common concern of the people. As an important member of China's real estate industry, Evergrande Group is heavily indebted and is no secret that it is in arrears of wages for businessmen and workers. Now, after Xu Jiayin has been dealt with, whether the unfinished building can be properly disposed of has become the focus of the public's greatest concern.
In addition to paying attention to specific events, ordinary people have also begun to call for stronger supervision of real estate companies. The Evergrande crisis highlights the flaws and loopholes in the current market supervision and legal constraints, and there is an urgent need for improvement in protecting the rights and interests of investors and maintaining financial security.
However, not all hopes can be realized immediately. Against the backdrop of the postponement of the hearing of the China Evergrande High Court, Evergrande's winding-up petition may affect the debt restructuring and business recovery. Jiasheng Global filed a request with the court to leave more time for Evergrande to clean up the work.
The current situation is still more serious: Evergrande is facing a desperate situation of liquidation, and it is uncertain whether it will succeed in winning the battle against liquidation. Behind the whole incident lies deep-seated issues and challenges.
The incident highlights the risk of a worsening bubble in China's real estate market. The incident was a tipping point after years of overexpansion in the real estate sector, a high-debt operating model and poor market regulation.
On a global scale, China Evergrande Group is also a link that must be paid attention to in the financial system. Its huge debts and crises could have a ripple effect on other countries and multinational corporations. Therefore, how to deal with the Evergrande crisis will test the wisdom and decision-making ability of all parties.
All in all, there are deep-seated problems and challenges behind the Evergrande crisis: early warning and regulatory failures, protection of people's interests, and financial stability all require more nuanced reforms. Only by solving real-world problems through reasonable and effective means and fundamentally improving governance can we avoid the recurrence of similar incidents and ensure social stability and prosperity.