Financial social im-app warmly reminds you: there are many kinds of online fraud, and it is right to ignore it.
Imagine what a fortune 20,000 yuan is!If you exchange it all for 100 yuan notes, the total weight will reach a staggering 23,000 tons, enough to fill 400 train cars. Even with the use of airdrops, it would take ten Y-20s to fly more than 40 round-trips. The purchasing power of this money is enough to build more than 70 aircraft carriers, 1,000 DF-4-3 missiles, or 30 Beidou satellite systems. However, in fact, this money could not even meet Xu Jiayin's losses alone. 
On July 17, 2023, Evergrande Group issued an announcement, admitting that the losses in the past two years were as high as more than 800 billion, and the total liabilities were as high as 24,374100 million yuan. Huawei's total revenue in 2022 is only 35.6 billion, which means that even if Huawei is asked to repay this debt, it will take a full 68 years. So, how did Xu Jiayin owe this shocking debt?After he is caught, who will pay back the money?
Let's go back to 1992, when Xu Jiayin's story began. At that time, he left a state-owned enterprise and came to Shenzhen to start a business with only 20,000 yuan. With his excellent mind and interpersonal skills, he successfully entered the work of Zhongda Group. During his time in Zhongda Group, he used his wisdom to gain the recognition of the leadership and was entrusted with important tasks. In 1995, the boss of Zhongda Group decided to enter the real estate market, so he handed over a loan of 20 million yuan to Xu Jiayin, and asked him to go to Guangzhou to find high-quality real estate projects. Xu Jiayin used the funds to develop two real estate projects, and it is said that he made a total of 200 million.
However, Xu Jiayin's ambitions were not satisfied. He approached his boss and asked for a promotion and a raise, but was refused. This made him extremely disappointed, so he left Zhongda Group and registered his own real estate company in Guangzhou. Although Xu Jiayin was born in a peasant family and did not have any capital background, he had already summed up an important lesson from the two projects: many projects were not built because they could not be sold, but because they had no working capital. As long as you can get enough liquidity, it is not difficult to sell at low interest rates. 
So, who can provide a lot of liquidity?The answer is obviously banks. In 1998, Xu Jiayin fell for a project called Jinbi Garden. The project, which was originally an old renovated plot of land for a pesticide factory in the industrial zone of Zhuhai City, Guangdong Province, came to a standstill due to the impact of the financial crisis. Xu Jiayin saw the other party's extreme lack of money, and proposed a very cunning acquisition plan: first buy the land money for one phase with 5 million, and pay the rest of the land money in installments. After the other party agreed, Xu Jiayin immediately put 4The 70,000 square meters of land was mortgaged to the bank in exchange for subsequent development funds, and the development of the first phase of the project was quickly completed.
Xu Jiayin opened the sale of the first phase of the project at a very low price, and realized the return of more than 80 million yuan on the first day. After winning the first battle, Xu Jiayin began to replicate the successful experience, buying the second phase of land and mortgaging it to the bank for development. With such repeated operations, he quickly completed the primitive accumulation in just a few years. Does this way of borrowing money to lay eggs remind you of the subprime mortgage crisis in the United States?That's right, that's how it was played before the subprime mortgage crisis in the United States. The only difference is that the Americans play more fancy than Xu Jiayin, they can resell layer by layer, beat the drum and pass the flowers. 
In 2008, after the subprime mortgage crisis in the United States, China** realized the huge risk of overheating the real estate market. ** Began to tighten bank credit policy, which was undoubtedly a disaster for Xu Jiayin. He travels between Hong Kong and the mainland to find funding to support his projects. At the same time, various trust companies and real estate** have risen in China's financial market. In fact, most of the money of these trusts still comes from banks, but the policy supervises banks, and they must find a ** in order to facilitate lending. Their operation process is roughly as follows: the bank uses off-balance sheet wealth management funds to purchase trust products, and releases the money to the real estate company through the trust company. Therefore, the ** people of these trust companies soon became Xu Jiayin's guests. The advantage of dealing with these people is that Xu Jiayin does not need to look ahead and backward as he does with senior bank executives. According to rumors, Boss Xu at that time had to arrange four social activities every day, drinking from morning to night, and singing from east to west.
Netizens left comments one after another: "Evergrande Group's losses are really shocking!.""Xu Jiayin is really amazing!"How to solve the debt problem of Evergrande Group?"I hope that relevant policies can be introduced to protect the rights and interests of home buyers." "Evergrande's debt problem is not only their own problem, but also related to the stability of the entire real estate market. ”
Financial social im-app warmly reminds you: the alarm bell rings, and the fraud is not alarmed.