传奇投资人、亿万富翁瑞·达利欧近日指出，美国和英国这两个老牌大国的未来都不乐观，他对美英两国的发展轨迹都不看好，他还说"我 们正在步入非常非常黑暗的时期"。达利欧是全球最大的对冲基金桥水公司的创始人。通过他对500年来的历史的研究，他认为，我们目前 正处于一个80年的历史周期中，可能马上会迎来一个全球冲突和国内冲突全面加剧的历史阶段。 达利欧认为，有五大主要力量推动了历史 的循环：货币和债务力量、国内冲突、地缘政治冲突、自然行为以及人类的发明创造——尤其是科学技术的进步。他指出，美英两国都表 现出了一些症状，说明两国已经逼近了大国历史时期的一个危险阶段。 达利欧在现身"CEO日记"播客时表示："英国存在金融问题，英国 政府也存在债务问题。"但债务相对于收入增加时，就会挤压经济。这种金融压力与第二大力量有关，也就是激烈的国内冲突。由于社会存 在着巨大的贫富差距和机会差距，导致社会左右两派出现了深刻的分裂，从而导致人们对体制失去信任。达利欧认为，英国缺乏美国那样 的创新文化，也缺乏强大的资本市场，这进一步阻碍了英国的发展前景。 达利欧的看法可能有一些争议性。但不可否认的是，在过去20年 间，英国的生产力确实并没有 ...

Core Viewpoint - Dalian Wanda Group and its legal representative Wang Jianlin have been restricted from high consumption due to economic disputes involving subsidiary project companies, despite the company selling multiple assets to alleviate its debt burden [1][6]. Group 1: Company Financial Situation - Dalian Wanda Group has sold seven Wanda Plazas this year as part of its asset disposal strategy, but it has not successfully extricated itself from its debt issues [1][6]. - The total amount involved in the execution case against Dalian Wanda Group is approximately 186 million yuan (about 27 million USD) [2]. - The company has a total of 10 execution records with a cumulative amount exceeding 5.2 billion yuan (about 740 million USD) [4]. Group 2: Legal and Financial Actions - The court issuing the consumption restriction is the Intermediate People's Court of Lanzhou, Gansu Province [1][2]. - Recently, Dalian Wanda Group's shares worth 8 billion yuan (about 1.1 billion USD) have been frozen, with the freezing period set from September 1, 2025, to August 31, 2028 [4][5]. - The company has faced multiple instances of share freezes, which are directly linked to its debt issues, with each freeze corresponding to unpaid debts [6]. Group 3: Historical Context and Strategic Moves - The company's debt pressure primarily stems from previous investment missteps, particularly in large-scale cultural tourism projects initiated in 2016 [7]. - Wang Jianlin's attempts to list the company on the A-share market to raise funds have failed three times between 2016 and 2023, exacerbating the debt burden [7]. - In 2022, Wanda sold 26 Wanda Plazas and lost control of Zhuhai Wanda Commercial Management, reducing its stake from 78.83% to 40% [7]. Group 4: Recent Developments - In 2023, the pace of asset sales has accelerated, with significant transactions including the sale of Wanda Hotel Management Company for 2.49 billion yuan (about 360 million USD) and the sale of 48 Wanda Plazas [9]. - A consortium involving major firms like Tencent and JD.com has been formed to acquire Wanda's assets, with a total investment of 22.43 billion yuan (about 3.2 billion USD) [9].

9月28日，王健林被"限高"冲上热搜。企查查相关信息显示，大连万达集团股份有限公司及其法定代表 人王健林被限制高消费。 关联案件审理流程显示，此前大连万达集团、万达地产集团有限公司、王健林等被强制执行1.86亿，执 行法院为甘肃省兰州市中级人民法院。 大连万达集团股份有限公司成立于1992年，法定代表人为王健林，注册资本10亿元人民币，由大连合兴 投资有限公司、王健林共同持股。 今年以来，大连万达集团旗下公司，频繁因司法纠纷被执行的信息。截至目前，大连万达集团股份有限 公司有10条被执行人信息，总金额52.62亿元，1条被限制高消费信息，同时还有38条"股权冻结"相关信 息。 此外，大连万达商业管理集团股份有限公司也有1条被执行人信息，被执行总金额295.9万元；万达地产 集团有限公司有423条被执行人信息，被执行总金额共计18.4亿元，其中失信被执行人共4条，涉案总金 额211.51万元。 合计来看，万达系各公司的被执行总金额已经超过70亿元。 稍早前，万达还频繁出现大额股权冻结情况，日前大连万达集团股份有限公司新增两则股权冻结信息， 标的企业为上海万达网络金融服务有限公司、上海万达小额贷款有限公司，冻结股 ...

2025.09.28 本文字数：987，阅读时长大约1.5分钟 作者 |第一财经 孙梦凡 9月28日，王健林被"限高"冲上热搜。相关信息显示，大连万达集团股份有限公司及其法定代表人王健 林被限制高消费。 关联案件审理流程显示，此前大连万达集团、万达地产集团有限公司、王健林等被强制执行1.86亿，执 行法院为甘肃省兰州市中级人民法院。 大连万达集团股份有限公司成立于1992年，法定代表人为王健林，注册资本10亿元人民币，由大连合兴 投资有限公司、王健林共同持股。 今年以来，大连万达集团旗下公司，频繁因司法纠纷被执行的信息。截至目前，大连万达集团股份有限 公司有10条被执行人信息，总金额52.62亿元，1条被限制高消费信息，同时还有38条"股权冻结"相关信 息。 此外，大连万达商业管理集团股份有限公司也有1条被执行人信息，被执行总金额295.9万元；万达地产 集团有限公司有423条被执行人信息，被执行总金额共计18.4亿元，其中失信被执行人共4条，涉案总金 额211.51万元。 合计来看，万达系各公司的被执行总金额已经超过70亿元。 稍早前，万达还频繁出现大额股权冻结情况，日前大连万达集团股份有限公司新增两则股权 ...

2025.09. 28 本文字数：987，阅读时长大约1.5分钟 关联案件审理流程显示，此前大连万达集团、万达地产集团有限公司、王健林等被强制执行1.86 亿，执行法院为甘肃省兰州市中级人民法院。 大连万达集团股份有限公司成立于1992年，法定代表人为王健林，注册资本10亿元人民币，由大连 合兴投资有限公司、王健林共同持股。 今年以来，大连万达集团旗下公司，频繁因司法纠纷被执行的信息。截至目前，大连万达集团股份有 限公司有10条被执行人信息，总金额52.62亿元，1条被限制高消费信息，同时还有38条"股权冻 结"相关信息。 此外，大连万达商业管理集团股份有限公司也有1条被执行人信息，被执行总金额295.9万元；万达 地产集团有限公司有423条被执行人信息，被执行总金额共计18.4亿元，其中失信被执行人共4条， 涉案总金额211.51万元。 作者 | 第一财经 孙梦凡 9月28日，王健林被"限高"冲上热搜。相关信息显示，大连万达集团股份有限公司及其法定代表人王 健林被限制高消费。 稍早前，万达还频繁出现大额股权冻结情况，日前大连万达集团股份有限公司新增两则股权冻结信 息，标的企业为上海万达网络金融服务有限公司、 ...

资料图。本文来源：第一财 经 作者：孙梦凡 王健林被"限高"冲上热搜，万达系被执行总金额超 70亿 9月28日，王健林被"限高"冲上热搜。企查查相关信息显示，大连万达集团股份有限公司及其法 定代表人王健林被限制高消费。 关联案件审理流程显示，此前大连万达集团、万达地产集团有限公司、王健林等被强制执行 1.86亿，执行法院为甘肃省兰州市中级人民法院。 大连万达集团股份有限公司成立于1992年，法定代表人为王健林，注册资本10亿元人民币，由 大连合兴投资有限公司、王健林共同持股。 今年以来，大连万达集团旗下公司，频繁因司法纠纷被执行的信息。截至目前，大连万达集团 股份有限公司有10条被执行人信息，总金额52.62亿元，1条被限制高消费信息，同时还有38 条"股权冻结"相关信息。 此外，大连万达商业管理集团股份有限公司也有1条被执行人信息，被执行总金额295.9万元； 万达地产集团有限公司有423条被执行人信息，被执行总金额共计18.4亿元，其中失信被执行人 共4条，涉案总金额211.51万元。 合计来看，万达系各公司的被执行总金额已经超过70亿元。 稍早前，万达还频繁出现大额股权冻结情况，日前大连万达集团股份有限 ...

Core Viewpoint - Wang Jianlin and Dalian Wanda Group have been restricted from high consumption due to significant legal and financial issues, with total execution amounts exceeding 7 billion yuan [1][3][4] Group 1: Legal and Financial Issues - Dalian Wanda Group has faced multiple legal disputes, with 10 execution cases totaling 5.262 billion yuan and 38 instances of equity freezes [3] - The total amount executed across all Wanda-related companies has surpassed 7 billion yuan, indicating severe financial distress [4] - Recent equity freezes involve over 9.4 billion yuan in shares from two subsidiaries, with a freeze period of three years [4] Group 2: Debt and Cash Flow Concerns - The frequent equity freezes are attributed to debt issues, with each freeze corresponding to unpaid debts, including bank loans and trust plans [4] - Dalian Wanda Commercial Management has a short-term debt of over 43.9 billion yuan due within a year, while cash reserves are only 15.1 billion yuan [5] - The company has been selling assets like Wanda Plaza to generate cash, but the cash inflow has been below expectations, often involving debt repayment rather than new capital [5]

「转」中方再抛271亿美债，背后最大"接盘侠"竟然是它！ 当然，中方也在优化自身的外汇储备结构。过去，美债在中国外汇储备中占比较大，但如今中国正在寻 求多元化配置，黄金和其他资产逐渐成为新的选择。 那么，为何日本和英国没有成为这次美债的"接盘侠"呢？其实，这也不难理解。日本作为美债最大的海 外持有国，近年来也面临着日元贬值的巨大压力，自身难保，哪有心思去接盘美债。而英国在美债市场 中的动作一直不大，增持规模有限，自然也无法承担"接盘侠"的角色。 在这样的背景下，美联储的"挺身而出"就显得尤为引人注目。美联储手持4.2万亿美元的美债，比中 国、日本和英国加起来还要多。作为美债市场的"大老板"，美联储在关键时刻出手稳住了市场。从2020 年疫情期间的"无限量化宽松"到如今的悄悄回购美债，美联储的操作无疑是在为美债市场"兜底"，以维 持市场信心和稳定。 然而，这并不代表美债市场的未来就一片光明。随着美国债务规模的持续扩大和美债收益率的波动不 断，全球投资者的信心正在经受前所未有的考验。未来美债市场会走向何方？这仍然是一个未知数。但 可以肯定的是，美联储还将在美债市场中扮演重要角色，否则一旦美债市场崩盘，美国经济必将 ...

Group 1 - The article discusses the significant issue of debt in the United States, which has surpassed $37 trillion, and its implications for both the country and the global economy [2][3][4] - The debt problem is a contemporary challenge that the current generation must face, unlike previous generations, highlighting intergenerational inequity [3][5] - Recent political actions, such as Trump's tax cuts and Musk's criticisms of government spending, are responses to the growing concern over national debt [4][5][6] Group 2 - The U.S. debt-to-GDP ratio has dramatically increased from about 50% in 2000 to over 120% today, indicating a severe escalation in debt levels [7][9] - By 2026, U.S. government net interest payments are projected to exceed $1 trillion, making interest payments a significant part of government expenditure [9][10] - The article emphasizes that the debt issue is not unique to the U.S.; countries like Japan have even higher debt-to-GDP ratios, and the global nature of debt crises means that U.S. debt impacts other nations [13][14] Group 3 - The article references Ray Dalio's framework from his book "Why Nations Succeed or Fail," which categorizes the debt cycle into six stages, with the U.S. currently in the fifth stage of debt bubble bursting [15][34] - The discussion includes contrasting views on debt management, with some advocating for Modern Monetary Theory (MMT), which suggests that sovereign debt is not a problem as long as inflation is controlled [23][24] - The potential consequences of the U.S. continuing to print money to manage debt could lead to global inflation and a loss of confidence in the dollar, prompting other countries to divest from U.S. assets [20][37] Group 4 - The article concludes with strategies for individuals to manage their finances in light of the debt crisis, emphasizing the importance of long-term planning and diversified financial strategies [44][46] - It suggests a four-part financial planning approach: active cash, emergency funds, investment funds, and long-term savings, with a focus on maintaining a balance to navigate economic uncertainties [46]

Core Viewpoint - China Evergrande has officially been delisted from the Hong Kong Stock Exchange after more than 18 months of suspension, marking the end of its listing status due to failure to meet the resumption guidelines [1][2]. Group 1: Delisting Details - On August 25, 2023, China Evergrande was categorized as "delisted securities" on the Hong Kong Stock Exchange, confirming its delisting status [1]. - The company had been suspended from trading since January 29, 2024, and had not resumed trading by its last scheduled trading day on August 22, 2023 [2]. - Prior to suspension, the stock price was at 0.163 HKD per share, with a total market capitalization of approximately 21.52 billion HKD [1]. Group 2: Financial Background - China Evergrande was listed on the Hong Kong Stock Exchange in November 2009 and experienced significant growth, reaching a market value of around 400 billion HKD at its peak in 2017 [3]. - By 2021, the company faced severe liquidity issues, leading to a drastic decline in stock price and market value [3]. - As of June 30, 2022, the total liabilities of China Evergrande Group amounted to 24,740.9 billion CNY, with 16,197.3 billion CNY in liabilities after excluding contract liabilities [8]. Group 3: Legal and Regulatory Issues - In September 2023, the chairman of China Evergrande, Xu Jiayin, was taken into custody due to alleged criminal activities [4]. - In May 2024, the China Securities Regulatory Commission imposed administrative penalties on Evergrande for fraudulent bond issuance and information disclosure violations, resulting in a fine of 47 million CNY for Xu Jiayin [5]. Group 4: Future Implications - Despite the delisting, the liquidation process for China Evergrande will continue, with ongoing efforts to manage and recover assets [7]. - As of July 31, 2025, the liquidators reported a total debt claim of approximately 350 billion HKD (45 billion USD) against the company, while the last audited financial report indicated liabilities of about 275 billion USD [9]. - The delisting does not signify the end of the company's obligations; rather, it highlights the unresolved debt issues that affect various stakeholders, including financial institutions and suppliers [9].