Core Viewpoint - The Hong Kong High Court has appointed the liquidator of China Evergrande Group as the receiver of assets related to Xu Jiayin's family, with a global injunction prohibiting the disposal of assets valued up to $7.7 billion (approximately RMB 55 billion) [1][4][5] Group 1: Asset Management - The liquidator is authorized to take control of 33 offshore companies owned by Xu Jiayin's family, along with seven bank accounts that have been frozen [4][5][10] - The frozen bank accounts include those held at Bank of China Hong Kong, HSBC, and DBS Bank, with some accounts held through offshore companies controlled by Xu Jiayin and his ex-wife Ding Yumei [6][10] - The assets under the liquidator's control include multiple properties located in Hong Kong, the UK, and the US, as well as luxury items such as private jets, yachts, and Rolls-Royce cars [7][9] Group 2: Legal Proceedings - The High Court previously ordered Xu Jiayin to disclose all assets valued over HKD 50,000, but he failed to comply, leading the liquidator to seek control over all related assets [11][12] - The court's decision may have implications for a family trust established by Xu Jiayin and his wife, which reportedly amounts to $2.3 billion (approximately RMB 16.38 billion) [14] - The court referenced a foreign case indicating that even if assets are placed in a discretionary trust, if the defendant can control the trust's operations, the court can still enforce asset freezing orders [15][16]
许家印550亿元资产被冻结、接管,境外家族信托被击穿?
Hu Xiu·2025-10-10 12:16