After the "thunderstorm" of China's real estate giant Evergrande, people were shocked to realize that this company, which has been making profits in China for a long time, is not a real Chinese company, but a British Cayman Islands company registered abroad. This accident was undoubtedly a big surprise and awakened the public's attention and vigilance to the conspiracy and trickery involved in Evergrande.
The name Evergrande is a brand that symbolizes the success of China's real estate business in the eyes of many people. However, now it seems that everything has been revealed, revealing the true face of this giant company. Xu Jiayin was once known as the richest man in China's real estate industry, but he turned out to be the legal person and owner of a foreign company. This once-remarkable wealth was built on a well-thought-out conspiracy. This is an important moment for Chinese people to question their own judgment, and it is also a moment for China's corporate culture to reflect deeply.
The truth revealed by the name of an overseas enterprise is not only a question of registered address, but also a reflection on values. It reveals that Evergrande has used the Cayman Islands as a tax haven to avoid large amounts of taxes while successfully transferring huge sums of money. What is even more insidious is that Xu Jiayin even submitted Evergrande's bankruptcy protection application to the United States, and finally took advantage of the legal provisions of the "common law system". This series of astonishing moves not only illustrates Xu Jiayin's foresight and insidious cunning, but also reveals to us the huge conspiracy and chain of interests behind Evergrande.
All of the above has sparked widespread attention and discussion, and has also triggered a crisis of confidence in Chinese companies. Once the role of stigma is demonstrated, it will have a huge impact on the brand image of Evergrande and Xu Jiayin. This is not only a major loss to Evergrande investors, but also a serious question about China's corporate image. Such an incident directly determines whether Evergrande can escape the criticism of investors and whether it can regain a foothold in the market. Before that, Evergrande also needs to make the next response measures to restore the trust of investors and maintain its own social value.
In order to better understand the conspiracy behind Evergrande in the Cayman Islands, it is necessary to have a deeper understanding of this "money laundering mecca". The Cayman Islands, although a relatively small island, has attracted widespread attention around the world with its unique economic characteristics and financial legal system. Known as the "mecca for money laundering", the Cayman Islands has attracted a large number of international companies and investors due to its advantages such as low tax rates, simple registration process, and bank secrecy.
As one of the world's largest offshore financial centres, the Cayman Islands has few tax policies and requirements. Compared to other countries, the taxes paid by businesses here are almost negligible, which significantly reduces the operating costs of businesses. The Cayman Islands is also known for its high level of banking secrecy, where businesses can enjoy absolute privacy protection, making it incredibly easy to move money and hide assets. As a result, the Cayman Islands became a haven for capital and a haven for money laundering.
More remarkably, the Cayman Islands is also known for its relaxed registration conditions. On this tax-sheltered island, any willing individual and business can easily register a company, and the registration conditions are almost free of restrictions and audits. This gives entrepreneurs more flexibility and freedom to gain more space in the business environment. In addition, enterprises only need to pay a one-time handling fee and annual management fee at the time of registration, and do not need to pay any form of tax, which attracts many enterprises to register in the Cayman Islands.
In this case, Xu Jiayin chose Evergrande to register in the Cayman Islands, undoubtedly out of its interests in maximizing profits and transferring funds. Registering in the Cayman Islands means that Evergrande can enjoy the convenience of low tax rates and bank secrecy. Evergrande can not only avoid paying a large amount of taxes, but also successfully transfer funds through the Cayman Islands, a "money laundering mecca", to avoid being tracked by domestic regulators.
In addition, the registration conditions of the Cayman Islands also provide more room for Evergrande's development. Companies registered here are not required to set up their headquarters in the place of incorporation and are not required to submit annual financial report data. This means that Evergrande can operate and manage the company more freely and avoid being restricted by domestic regulations.
With the help of world-renowned accounting firms such as PricewaterhouseCoopers, Evergrande has successfully completed the registration process in the Cayman Islands and a series of operations for listing in Hong Kong. This move has greatly enhanced Evergrande's recognition and image in the capital market and promoted the rapid development of the company.
However, as the incident revealed, everything Evergrande registered in the Cayman Islands was not an unintentional coincidence, but an elaborate conspiracy orchestrated by Xu Jiayin. He took advantage of the advantages of the Cayman Islands to successfully avoid large amounts of taxes, transfer huge amounts of money, and successfully evade debt recovery and regulatory risks through bankruptcy protection applications.
The truth about Evergrande's registration in the British Cayman Islands reveals some of the problems that exist in China's corporate culture. In the process of pursuing profits and rapid development, some business owners and executives ignore the bottom line of ethics and law, only consider immediate interests, and ignore long-term development and social responsibility.
Evergrande's exposure has made people aware of some blind spots and problems in China's corporate culture. Enterprises should establish the right values and pursue sustainable development rather than short-term profit maximization. At the same time, enterprises should abide by laws and regulations, maintain social fairness and justice, and must not use various means to evade taxes, transfer funds and evade legal supervision.
In addition, Chinese companies need to pay more attention to transparency and disclosure, and improve their corporate governance. Only transparent and open business and financial status can gain the trust of investors and the public. Enterprises need to establish a sound internal management system, strengthen supervision and risk control, and ensure the long-term stable development of the enterprise.
Finally, it is necessary to strengthen the supervision and supervision of enterprises, formulate stricter laws and regulations, and prevent and crack down on various illegal acts carried out by enterprises using overseas registration. ** It is also necessary to strengthen the supervision of tax havens such as the Cayman Islands, combat money laundering and other criminal activities, and maintain the country's economic security and social stability.
In conclusion, Evergrande's registered status in the Cayman Islands reveals some of the problems that exist in Chinese corporate culture, triggering a crisis of trust in Chinese companies. This is an important moment, which requires the joint efforts of enterprises and enterprises to strengthen corporate governance, improve transparency and disclosure, strengthen supervision and supervision, and promote the healthy development of China's corporate culture. Only in this way can we establish a sustainable enterprise and economic system and improve the competitiveness and image of Chinese enterprises in the international market.