2025年秋，王健林因1.86亿元纠纷被限制高消费的消息刚冲上热搜，次日限高令便火速取消；而许家印正羁押在看守所，等待涉嫌金融诈骗等多项罪名的司 法审判。两位曾登顶中国首富的地产巨头，如今都深陷债务泥潭，但"惨"的底色与境遇却有着天壤之别——前者在断臂求生中保留尊严，后者在金蝉脱壳后 身败名裂。 王健林的"惨"，是英雄末路的负重前行。这位曾豪言"一个亿是小目标"的企业家，如今成了奔波于化债路上的"卖产达人"。自2017年对赌协议埋下隐患，他 三年狂甩6000亿元资产，从77家酒店到85座万达广场接连易主，近期更是将48座核心广场以500亿打包出售，部分资产估值缩水达40%。71岁的他肉眼可见 地衰老，瘦骨嶙峋的模样与当年高歌《一无所有》的意气风发判若两人。债务压力如影随形：万达累计被执行金额超52亿元，核心子公司有息负债达1375亿 元，账面现金仅够覆盖四分之一短期到期债务。从私人飞机出行到可能坐高铁二等座，生活品质的落差背后，是一个企业帝国的收缩阵痛。 但王健林的"惨"始终有底线支撑。他从未选择跑路，家族未出现资产转移海外的操作，连贵州丹寨扶贫项目都特意保留。面对项目停工危机，他抵押资产筹 得1.9亿元专项 ...

人生总有起落，王健林这位曾经的中国首富，在71岁的年纪面对1.86亿的债务，似乎也步履维艰…更巧 的是，就在限高令发出的同一天，他儿子王思聪在新加坡机场被网友拍到。 文丨金融八卦女特约作者：身披铠甲的方方 · · · 人生总有起落，这位曾经的中国首富，在71岁的年纪面对1.86亿的债务，似乎也步履维艰…更巧的是， 就在限高令发出的同一天，他儿子王思聪在新加坡机场被网友拍到。 9月28日，财经圈炸开了锅——其实兰州市中级人民法院早在 9 月 26日就已发布消息。 ▲万达系被执行脉络 来源：企查查 在大众印象里，"限高"二字本该和顶层富豪八竿子打不着——我们熟悉的剧情向来是老赖坐不了飞机、 住不了五星酒店，住宿等级也会被"卡脖子"。但当法院公告里"限高"对应上了王健林，戏剧感瞬间拉 满。 不过，据29日最新消息，中国执行信息公开网已经没有万达集团董事长王健林限高的信息。 ▲"限高"公告 来源：网络 回头看十年前，他还在央视镜头前意气风发地抛出 "先给自己定个小目标，赚它一个亿"的名场面，如 今却得乖乖收下法院的限制消费令：头等舱别想，五星酒店别住，连奢侈消费都得统统免谈。消息一 出，网友们立刻开起了段子："多此一 ...

Group 1 - Dalian Wanda Group and its legal representative Wang Jianlin have been restricted from high consumption due to economic disputes involving subsidiary project companies, with ongoing negotiations to resolve the issues [2] - A court case in Gansu Province resulted in a forced execution amounting to 186 million yuan against Dalian Wanda Group and its subsidiaries, with the case filed on July 16 [2] - A property owned by Wuhan Chuhe Hanjie Cultural Tourism Investment Co., Ltd. was auctioned with a starting price of 26.54 million yuan, but it ultimately failed to sell [2] Group 2 - Dalian Wanda Group is facing significant debt issues, with 10 execution records totaling 5.262 billion yuan [3] - The scale of frozen shares within Dalian Wanda Group is expanding, with 47 records of frozen shares involving various subsidiaries [3] - To address its financial crisis, Dalian Wanda has been selling assets, including a major sale of 48 Wanda Plaza locations to a joint venture involving Tencent, JD.com, and others, marking the largest divestment in recent years [3]

企查查APP显示，近日，大连万达集团股份有限公司及其法定代表人王健林等被限制高消费。案件流程显示， 此前，大连万达集团股份有限公司、万达地产集团有限公司等因此案被强制执行1.86亿元。 另据天眼查，大连万达集团股份有限公司股权冻结信息达47条，被冻结股权的标的企业涉及大连万达商业管 理集团股份有限公司、万达文化产业有限公司、大连万达集团商务服务有限公司等。 除了股权冻结，大连万达集团股份有限公司还有10条被执行人信息，总金额达52.62亿元。 见证历史！集体大涨！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 责编：刘珺宇 校 对： 许欣 百万用户都在看 利好来袭！刚刚，重大突破！ 罕见！几百名将军，被召回！美军秘密会议，细节曝光 证监会：立案！A股公司，公告！ 关税，突变！白宫最新发声！ 近年来，万达一直出售资产缓解现金压力，2025年以来，万达陆续有7座万达广场被零散出售，而在2023年 —2024年间，据不完全统计，王健林陆续出售超30座万达广场。 来源：蓝鲸新闻 ...

Core Viewpoint - The debt crisis of Dalian Wanda Group has drawn renewed attention as its founder, Wang Jianlin, has been restricted from high consumption due to legal enforcement actions against the company [1][4][10]. Group 1: Debt Situation - Dalian Wanda Group has a total amount of over 5.3 billion yuan in enforcement cases, with multiple companies' shares frozen [3][5][10]. - The company has been involved in several enforcement actions, with the latest enforcement amounting to 1.86 billion yuan [4][10]. - The total amount of enforcement cases against Dalian Wanda Group has reached approximately 5.26 billion yuan [6][7]. Group 2: Legal Restrictions - The Beijing Third Intermediate People's Court issued a high consumption restriction order against Dalian Wanda Group and Wang Jianlin, preventing them from engaging in various high-cost activities [4][10]. - The restriction includes prohibitions on taking flights, staying in high-end hotels, and purchasing real estate [4][10]. Group 3: Asset Sales and Financial Strategy - To alleviate cash flow pressure, Dalian Wanda Group has been selling assets, including over 30 Wanda Plazas between 2023 and 2024, and 7 more in 2025 [8][9]. - The asset sales are part of a "slimming" strategy aimed at reducing debt [8][9]. Group 4: Market and Industry Impact - The situation of Dalian Wanda Group reflects broader challenges faced by the real estate industry in China, particularly amid tightening macroeconomic policies and funding environments [9][10]. - The high consumption restriction on Wang Jianlin symbolizes a significant shift in the company's financial stability and raises questions about its ability to navigate the ongoing debt crisis [10].

但王健林的危机，并未就此结束。据天眼查，大连万达集团10次被列为被执行人，被执行总额高达 65.82亿元。作为法定代表人，王健林有六项股权冻结。 在陷入危机的过程中，王健林曾经多次自救，一方面，王健林尝试引入太盟等资本，另一方面，王健林 加码文旅，以打开新增长点。 久不露面的王健林，终于现身了。 据克拉玛依市融媒体中心报道，8月20日-21日，王健林在克拉玛依考察招商引资、文旅发展等工作时， 盛赞当地的独山子大峡谷、世界魔鬼城景区等旅游资源独一无二。 据当地媒体报道的视频显示，王健林虽然精神较好，但非常消瘦，和往日红光满面的形象判若两人。 王健林曾非常辉煌，据《新财富杂志500创富榜》显示，在2010年至2017年间，王健林曾多次问鼎中国 首富之位。 然而，财富的另一面，万达集团负债高企。为了还债，王健林曾多次甩卖资产，他将旗下13个万达文旅 项目91%的股权卖给融创、77个酒店卖给富力，作价5000万欧元卖掉了马德里竞技俱乐部17%的股份， 并出售了万达电影、传奇影业的股份、多家万达广场，以及顶级奢华游艇制造商圣汐国际等资产，甚至 连北京总部大楼等核心资产都未能保住。 2023年上半年，王健林本人化身拼命三 ...

Core Viewpoint - The article discusses the downfall of China Evergrande Group, highlighting its delisting from the Hong Kong Stock Exchange after 18 months of suspension, marking the end of its capital market journey and the impact of its massive debt crisis on various stakeholders [4][5]. Group 1: Evergrande's Financial Collapse - China Evergrande's market value plummeted from over HKD 400 billion to just HKD 21.52 billion, representing a decline of more than 99% [5]. - The company is burdened with a staggering debt of CNY 2.4 trillion, leading to a financial crisis that has affected hundreds of financial institutions and millions of homebuyers [5][10]. - As of June 2023, Evergrande's total liabilities reached CNY 2.39 trillion, with total assets of only CNY 1.74 trillion, resulting in a net asset deficit of CNY 644.2 billion [11]. Group 2: Legal and Regulatory Issues - The China Securities Regulatory Commission revealed that Evergrande inflated its revenue by CNY 564.1 billion and profits by CNY 92.01 billion between 2019 and 2020, leading to severe penalties for its former chairman Xu Jiayin [10]. - Xu Jiayin has faced legal repercussions, including a fine of CNY 47 million and a lifetime ban from the market due to his involvement in fraudulent activities [10]. Group 3: Impact on Stakeholders - High-profile investors, including Hong Kong's former richest woman, suffered significant losses, with one investor losing over HKD 100 billion due to heavy investments in Evergrande [20]. - Other notable investors like Zhang Jindong and Wang Wenyin also faced financial distress due to their investments in Evergrande, with some companies reporting substantial debts and losses linked to the crisis [21][22].

Core Viewpoint - Dalian Wanda Group has been listed as an enforcement subject with a claim amount exceeding 2.4 billion yuan, adding to its total enforcement amount of over 7.6 billion yuan, raising concerns about its financial stability and operational challenges [1][3][10] Financial Situation - The company has accumulated 10 enforcement records, totaling over 7.6 billion yuan, indicating severe financial distress [1][3] - The recent enforcement actions suggest that creditors have lost the ability to negotiate, highlighting the seriousness of the company's debt situation [3][4] Operational Challenges - Wanda's business has been adversely affected by a tightening financing environment and slower sales recovery in the real estate sector, which remains a significant part of its operations [4][5] - The company previously relied on asset sales to manage its debt, but this strategy is becoming less viable as available assets diminish [5][7] Market Impact - The enforcement records and frozen equity stakes may lead to a domino effect, impacting Wanda's entire funding chain and making banks and partners more cautious [3][6] - The company's struggles reflect broader trends in the Chinese real estate industry, characterized by rapid expansion followed by a sharp contraction and debt challenges [8][10] Future Outlook - Despite its challenges, Wanda possesses stable cash flow from its core assets, such as Wanda Plazas, which may provide some financial cushion [7] - The company faces a critical juncture where it must navigate its debt issues carefully, as the accumulation of enforcement actions could lead to further operational difficulties [6][10]

Group 1 - The core viewpoint is that Wang Jianlin's financial situation has drastically deteriorated, with his wealth shrinking by 82 billion yuan in a year due to asset sales and debt repayment efforts [1][3][6] - Wang Jianlin's company, Dalian Wanda, is facing significant legal and financial challenges, including a court order for over 2.4 billion yuan in liabilities and a total debt of 7.6 billion yuan [6][3] - Despite having previously managed to repay 600 billion yuan in debt, the current financial strain indicates a potential inability to recover, raising concerns about the sustainability of his business practices [13][6] Group 2 - Wang Jianlin's son, Wang Sicong, appears to be living a lavish lifestyle, seemingly detached from the family's financial struggles, which raises questions about his potential role in supporting the family business [9][11][7] - Wang Sicong has been investing in various sectors, including entertainment and tourism, which may provide a financial buffer for the family amidst the ongoing debt crisis [25][27][23] - The separation of Wang Sicong's investments from Dalian Wanda's debts could allow him to assist in alleviating the financial burden on his father, should the need arise [23][21][29]

Core Viewpoint - The Shenzhen Royal Plaza, a key asset of Royal International, is set to be auctioned with a starting price of 3.053 billion yuan, significantly lower than its assessed value of 4.361 billion yuan, raising concerns about the company's financial stability and potential delisting risk [1][7]. Group 1: Company Overview - Royal Plaza, located in Shenzhen's CBD, is a landmark shopping center contributing over 56% of Royal International's revenue, with a total area of approximately 138,000 square meters [2][5]. - The shopping center has maintained a rental rate of over 95% and an annual foot traffic exceeding 40 million, benefiting from Hong Kong tourists [4][3]. Group 2: Financial Challenges - Royal International's financial situation is precarious, with the Royal Plaza accounting for 71.57% of the company's total assets and 56.03% of its annual revenue [5][6]. - The company has faced significant losses, totaling approximately 46 billion yuan over five years, with a projected loss of 14 to 20 million yuan for the first half of 2025 [13][14]. Group 3: Debt and Legal Issues - The auction is a result of Royal International's inability to repay a 3 billion yuan loan from Citic Trust, leading to legal actions and the current auction process [9][10]. - The company is in discussions with creditors for a debt restructuring plan, which could potentially halt the auction if an agreement is reached [11].