Core Viewpoint - China Evergrande Group announced that the Hong Kong court has decided to approve the withdrawal of the transfer application, leading to the cancellation of the hearing originally scheduled for June 25, 2025 [1] Group 1 - The court's decision was made in writing on June 24, 2025, regarding the withdrawal of the transfer application [1] - The liquidators of Evergrande and CEG Holdings will begin executing the order to transfer CEG Holdings shares to Sheng Jian [1] - Trading of the shares will be suspended starting from January 29, 2024, and will continue until further notice [1]

Core Viewpoint - The recent revival of Evergrande Wealth's official Weibo account, after seven years of silence, has sparked significant speculation regarding the current state of the Evergrande Group and its founder Xu Jiayin's financial commitments [2][4]. Group 1: Company Status - Evergrande Wealth in Shenzhen is currently listed as a dishonest executor and has failed its annual review, indicating potential operational restrictions [4][8]. - The last update from the Evergrande Wealth account was in March 2018, highlighting a long period of inactivity before the recent post [2]. Group 2: Financial Commitments - Xu Jiayin had previously promised in September 2021, during the initial payment crisis, that investors would not lose their investments, stating, "I can have nothing, but the investors of Evergrande Wealth cannot have nothing!" [4][6]. - Despite these assurances, over two years later, investors have yet to receive their full returns, raising concerns about the fulfillment of these commitments [6][8]. Group 3: Impact on Stakeholders - The ongoing financial crisis of Evergrande Group not only threatens the company's survival but also affects countless families who invested their life savings into Evergrande Wealth products [8]. - The recent developments reflect severe internal management issues within the Evergrande Group, as indicated by the unusual official communication from a company in such a precarious state [4][8].

Core Viewpoint - The recent social media post from Evergrande Wealth has raised significant public interest, particularly regarding the company's ability to repay investors amid ongoing financial difficulties [1][2]. Company Background - Evergrande Wealth Shenzhen, established in November 2015, is a wholly-owned subsidiary of Evergrande Financial Holdings Group, with a registered and paid-in capital of 1 billion yuan [3]. - The company has been listed as a dishonest executor and has faced challenges in repaying its financial products since the second half of 2021, coinciding with Evergrande Group's debt issues [3][5]. Payment History and Adjustments - The initial repayment plan announced in September 2021 included a 10% repayment of due products by the end of the month, with subsequent payments every three months [5]. - By December 2021, the company committed to repaying 8,000 yuan monthly to each investor for three months, but the repayment process has not proceeded as planned [5]. - As of May 2023, Evergrande Wealth announced insufficient funds for repayment, and by August 2023, it indicated that asset disposal progress was slower than expected, impacting its ability to repay [5][6]. Legal and Regulatory Actions - In September 2023, law enforcement took action against individuals associated with Evergrande Wealth for suspected criminal activities [6]. - The China Securities Regulatory Commission imposed a fine of 4.175 billion yuan on Evergrande Real Estate for fraudulent bond issuance and information disclosure violations [6]. Recent Developments - In November 2024, Evergrande Wealth warned investors about false information regarding repayment processes and emphasized that updates would come from official police announcements [7]. - Reports indicate that significant debts from the "Evergrande system" are being offered for sale, totaling approximately 11.3 billion yuan across various cities and project types [7][8]. Future Outlook - Analysts suggest that the repayment of Evergrande Wealth's financial products will take time, contingent on the resolution of criminal accountability, asset recovery, and the clarification of debt repayment priorities [8].

Core Viewpoint - The wealth structure of Xu Jiayin and his family is becoming increasingly visible as the asset recovery efforts by the liquidators deepen, revealing significant property holdings and legal disputes related to debt recovery [1][3]. Group 1: Asset Holdings and Legal Proceedings - Ding Yumei, Xu Jiayin's ex-wife, purchased 33 apartments in Thames City, London for £49.8 million (approximately HK$527 million) through five British Virgin Islands companies, with JLL managing the properties [1][6]. - Ding Yumei's global property value exceeds US$350 million, and she has been requested by Hong Kong liquidators to provide detailed asset disclosures, which she is attempting to delay through confidentiality applications [1][3]. - In March 2024, liquidators filed a lawsuit in Hong Kong against Xu Jiayin, Ding Yumei, and former executives of Evergrande to recover approximately US$6 billion from misreported dividends and compensation from 2017 to 2020 [3][4]. Group 2: Financial Arrangements and Court Decisions - In September 2024, a global asset freeze was imposed on Ding Yumei by courts in Hong Kong and London to recover approximately US$6 billion in dividends and compensation owed to Xu Jiayin and others [3][4]. - The UK court approved a financial arrangement allowing Ding Yumei to spend up to £20,000 per month, related to the recovery of HK$2.8 billion (approximately US$360 million) from dividends received through her wholly-owned companies [3][4]. - Ding Yumei's attempts to clarify her obligations under the asset freeze were rejected by the Hong Kong High Court in March 2025, indicating a lack of trust in her disclosures regarding her global assets [5][6]. Group 3: Debt Recovery and Family Dynamics - Ding Yumei is pursuing a lawsuit against her son Xu Tenghe for over HK$1 billion (approximately US$128 million) related to a loan agreement, indicating complex family financial dynamics post-divorce [6][7]. - The ongoing debt issues of Evergrande have prompted liquidators to actively seek assets associated with Xu Jiayin and his family to protect creditor interests, raising the possibility of Ding Yumei's properties being included in liquidation proceedings [7].

Group 1 - The article highlights that Xu Jiayin's ex-wife, Ding Yumei, allegedly acquired hundreds of billions in dividends through a "technical divorce" and purchased luxury properties in London for approximately £49.8 million (about HK$5.27 billion) [1][2] - Ding Yumei reportedly purchased 33 units in the Thames City project, with the acquisition occurring in September 2022, nearly a year after authorities urged Xu Jiayin to use personal assets to settle debts [2][3] - Following the court's decision, a global asset freeze order was issued, preventing Xu Jiayin, Ding Yumei, and other executives from handling assets valued at around HK$60 billion, including Ding Yumei's bank deposits and luxury apartments in the UK [4][3] Group 2 - China Evergrande's non-performing assets and debts are being accelerated for disposal, with 12 companies' bad debts totaling approximately 11.3 billion yuan being put up for sale, covering various projects across major cities [7] - Among the disposed debts, one is from Evergrande Real Estate Group, amounting to 1.092 billion yuan, secured by collateral properties in Guangzhou [7] - In January, Evergrande and Xu Jiayin were restricted from high consumption due to a court ruling related to a forced execution of over 6.054 billion yuan [7]

Core Viewpoint - The article discusses the financial maneuvers of Ding Yumei, the ex-wife of Evergrande's founder Xu Jiayin, who allegedly utilized a "technical divorce" to secure hundreds of billions in dividends from Evergrande amidst the company's ongoing loan defaults and asset disposals [1] Group 1 - Ding Yumei reportedly acquired luxury properties in London through five offshore companies, spending £49.8 million (approximately HK$5.27 billion) [1] - She resides in one of the properties valued at £5.4 million (approximately HK$57.15 million) with her two sons and grandson [1] - Evergrande's bad assets are being rapidly disposed of, with 12 companies under the Evergrande umbrella listing bad debts totaling approximately ¥11.3 billion [1] Group 2 - The bad debts involve projects across major cities including Beijing, Tianjin, and Chengdu, covering various types such as residential, commercial, and cultural tourism [1]

Group 1 - The core event involves Ding Yumei, the ex-wife of Xu Jiayin, purchasing 33 luxury properties in London for nearly £500 million through five offshore companies, occurring nine months after Evergrande's default [3][4] - The timing of the purchase raises questions about asset protection strategies, as the divorce in 2018 may have been a financial maneuver to separate assets and mitigate risks associated with Evergrande's debt crisis [3][5] - Ding Yumei reportedly received hundreds of billions in dividends from Evergrande, highlighting the use of offshore companies to hold assets and potentially evade domestic regulations, raising concerns about the legality of these transactions [3][4] Group 2 - The choice of London luxury properties is significant, as they are viewed as "safe-haven assets" during global economic instability, which contrasts sharply with the ongoing debt crisis faced by Evergrande and its impact on domestic homeowners [4][5] - The situation may affect Evergrande's debt restructuring process, as creditors could perceive the asset acquisition as a potential asset transfer, leading to further scrutiny and skepticism [4][5] - The practice of using divorce as a means to protect assets is not uncommon in the financial sector, but it must be conducted within legal frameworks to avoid harming creditor interests, especially in the context of Evergrande's unresolved debt crisis [5]

Core Viewpoint - The article discusses the financial maneuvers of Ding Yumei, the ex-wife of Evergrande's founder Xu Jiayin, who allegedly utilized a "technical divorce" to secure substantial dividends from Evergrande amidst the company's ongoing financial troubles and asset liquidation [1][3]. Group 1: Financial Maneuvers and Asset Purchases - Ding Yumei is reported to have acquired luxury properties in London worth approximately £49.8 million (around HK$5.27 billion) through five offshore companies, following Evergrande's loan default [1][3]. - A court document from January indicates that Ding Yumei purchased 33 units in the Thames City project, with the acquisition date being September 2022, nearly a year after authorities urged Xu Jiayin to use personal assets to settle debts [3][4]. Group 2: Legal Proceedings and Asset Freezing - Following Evergrande's bankruptcy proceedings, the Hong Kong High Court issued a global asset freeze order against Xu Jiayin, Ding Yumei, and other executives, prohibiting them from handling assets valued at approximately HK$60 billion, including Ding Yumei's properties in the UK [4][5]. - Ding Yumei's attempts to amend the asset freeze order and request a closed hearing were denied by the court, which emphasized the public interest in maintaining transparency during the liquidation process [5]. Group 3: Asset Liquidation and Debt Management - Evergrande is accelerating the disposal of its non-performing assets, with 12 companies under the Evergrande umbrella listing bad debts totaling approximately RMB 11.3 billion, covering various projects across major cities [6][7]. - The company has faced restrictions on high consumption due to court rulings related to significant debts, with a forced execution amounting to over RMB 6.054 billion [7].

Core Viewpoint - The article discusses the recent developments surrounding China Evergrande Group, particularly focusing on the financial maneuvers of its founder Xu Jiayin's ex-wife, Ding Yumei, and the ongoing liquidation process of the company. Group 1: Financial Maneuvers of Ding Yumei - Ding Yumei is reported to have acquired hundreds of billions in dividends from Evergrande through a "technical divorce" from Xu Jiayin [2][3] - She purchased multiple luxury properties in London for approximately £49.8 million (about HK$5.27 billion) through five offshore companies [4][6] - The properties were reportedly acquired in September 2022, nearly a year after authorities urged Xu Jiayin to use personal assets to settle debts [5] Group 2: Evergrande's Asset Liquidation - Evergrande is accelerating the disposal of its non-performing assets, with 12 companies under the Evergrande umbrella listing non-performing debts totaling approximately ¥11.3 billion [13] - The non-performing assets are spread across major cities including Beijing, Tianjin, and Chengdu, covering various project types such as residential, commercial, and tourism [13] - In January 2023, Evergrande and Xu Jiayin were restricted from high consumption due to a court ruling related to a forced execution of over ¥6.05 billion [14] Group 3: Legal Proceedings and Court Decisions - The Hong Kong High Court has ordered the liquidation of Evergrande, appointing Edward Simon Middleton and Wing Sze Tiffany Wong as liquidators [8] - The liquidators are pursuing approximately $6 billion in dividends and compensation from Xu Jiayin, Ding Yumei, and other former executives [9] - The court issued a global asset freeze order, preventing the disposal of assets valued at around HK$60 billion, including Ding Yumei's properties in the UK [10][12]

Core Viewpoint - China Evergrande Group is accelerating the disposal of its non-performing assets following a key ruling by the Hong Kong High Court regarding its liquidation process, with a total of approximately 11.3 billion yuan in bad debts being put up for sale [1][3][4]. Group 1: Asset Disposal - A total of 12 non-performing debts from the "Evergrande system" have been listed for sale, amounting to approximately 11.3 billion yuan, marking the largest batch transfer of Evergrande's assets by asset management companies since the company's crisis began [3][4]. - The disposed debts involve projects in nine major cities, including Beijing, Guangzhou, and Tianjin, primarily consisting of unfinished or unsold properties [6][4]. - Specific debts include 2.477 billion yuan related to the Tianjin project, 1.387 billion yuan for a project in Beijing, and 1.604 billion yuan for a project in Zhengzhou, among others [6][7]. Group 2: Overseas Liquidation Challenges - Concurrently, the company is facing significant challenges in its overseas liquidation process, with the Hong Kong High Court appointing joint liquidators for its subsidiary, CEG Holdings [8][11]. - The liquidators aim to preserve the group's assets for the benefit of creditors, but the complexity of international legal procedures poses difficulties in asset recovery [12][11]. - The liquidators have indicated that Evergrande's overseas assets available for disposal are less than 10 billion Hong Kong dollars, including shares in Evergrande Property and other investments [11][12].