Xu Jiayin Faces 47 Million Yuan Enforcement Order

Deep News
01/07

Recently, an update on Qichacha shows that Xu Jiayin has been added as a subject of enforcement, with the enforcement amount being 47 million yuan. The enforcement court is the Beijing Financial Court.

Currently, the total amount for which Xu Jiayin is subject to enforcement exceeds 3 billion yuan, and he is associated with multiple restricted consumption cases.

Furthermore, the Beijing Financial Court has also enforced a compulsory execution against Evergrande Real Estate Group Co., Ltd., with an enforcement amount of approximately 4.175 billion yuan.

In May 2024, the China Securities Regulatory Commission (CSRC) issued an administrative penalty decision regarding Evergrande Real Estate's bond fraud issuance and information disclosure violations case according to the law.

The CSRC ordered Evergrande Real Estate to make corrections, issued a warning, and imposed a fine of 4.175 billion yuan. It also imposed the maximum fine of 47 million yuan on Xu Jiayin, the then chairman and actual controller of Evergrande Real Estate, and banned him from the securities market for life.

The CSRC determined that during the period from 2019 to 2020, Evergrande Real Estate inflated its revenue and profits by recognizing revenue in advance, resulting in fraudulent issuance of bonds publicly offered in the exchange market, and the disclosed relevant annual reports contained false records.

Simultaneously, Evergrande Real Estate also engaged in other behaviors, such as failing to disclose periodic reports on schedule, failing to disclose major litigation and arbitration as required, and failing to disclose its inability to repay due debts as required.

Starting from 9:00 AM on August 25, 2025, China Evergrande Group was forcibly delisted by The Stock Exchange of Hong Kong Limited due to having its trading suspended continuously for 18 months without resumption, marking the end of its capital market journey.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10