这一次，宝能姚振华，真急了

Core Viewpoint - The recent public accusation by Yao Zhenhua, chairman of Baoneng Group, against officials from Changshu City and the Changshu Economic and Technological Development Zone has unveiled a significant dispute involving the potential undervaluation and forced sale of assets related to Qoros Auto, which could jeopardize Baoneng's substantial investments in the company [1][2][3]. Group 1: Allegations and Financial Implications - Yao Zhenhua claims that the involved parties colluded to manipulate a 2.7 billion yuan execution case concerning Qoros Auto, where Baoneng has invested over 200 billion yuan [2][4]. - The core assets of Qoros Auto are estimated to be worth approximately 80 billion yuan, but the court's valuation is only 15 billion yuan, with an auction starting at 8.6 billion yuan [2][8]. - If the auction proceeds, Baoneng's significant investment in Qoros Auto could be drastically reduced, leading to a potential loss of value [3][4]. Group 2: Legal and Procedural Concerns - The dispute centers on the legality of the asset liquidation process, with Yao alleging that the establishment of a liquidation committee and excessive asset seizures were unlawful [5][9]. - The case originated from a financial loan dispute between Suzhou Asset Management Co. and Qoros Auto, which has led to the court's decision to auction Qoros Auto's assets to settle debts [6][7]. - Yao argues that the auction should be paused due to the initiation of bankruptcy reorganization proceedings for Qoros Auto, which were formally accepted by the Suzhou Intermediate People's Court [10][11]. Group 3: Baoneng's Financial Struggles - Baoneng Group is currently facing a debt crisis, with total liabilities exceeding 1 trillion yuan, and the ongoing auction of Qoros Auto's assets reflects the broader financial challenges the company is experiencing [15][20]. - The company's aggressive expansion strategy, including significant investments in various sectors, has led to a liquidity crisis, exacerbated by regulatory restrictions on its financing capabilities [24][25]. - The potential loss of Qoros Auto's assets could further diminish Baoneng's chances of restructuring and recovering from its financial difficulties [25].