Core Points - 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 55 billion RMB) [1] - The liquidator's request involves freezing assets across 33 offshore companies and 7 bank accounts held in Xu Jiayin's name or through offshore entities [1][3] - The court ruling allows the liquidator to take control of offshore companies fully owned by Xu Jiayin, and all related bank accounts have been frozen [1] - The ruling suggests that Xu Jiayin's overseas trust may have been penetrated, although the judgment does not explicitly mention trusts [1] - The frozen bank accounts include those held at Bank of China (Hong Kong), HSBC, and DBS, with some accounts held through four offshore companies [1] - The court referenced a foreign case indicating that even if assets are placed in a discretionary trust, the court can still exercise a Chabra injunction if the defendant can control the trust's operations [2] - The assets under the liquidator's control include properties in Hong Kong, the UK, and the US, as well as luxury items like private jets, luxury cars, and yachts [2] - The 33 offshore companies are primarily located in Hong Kong, the British Virgin Islands, and the Cayman Islands, with some owned by Xu Jiayin and others by his ex-wife Ding Yumei [3] - Xu Jiayin was ordered to disclose all assets valued over 50,000 HKD but failed to comply, leading the liquidator to seek control over all related assets [3] - China Evergrande officially delisted from the Hong Kong Stock Exchange on August 25 [4]

Core Points - Recent developments indicate that 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 [1] - The liquidator's request involves freezing assets across 33 offshore companies and 7 bank accounts held in Xu Jiayin's name or through offshore entities [1] - The court ruling allows the liquidator to take control of offshore companies fully owned by Xu Jiayin, with all related bank accounts now frozen [1] Group 1 - The Hong Kong High Court's ruling suggests that Xu Jiayin's overseas trust may have been penetrated, although the judgment does not explicitly mention trusts [1] - The frozen bank accounts include those held at Bank of China (Hong Kong), HSBC, and DBS, with some accounts held through offshore companies controlled by Xu Jiayin and his ex-wife Ding Yumei [1][2] - The assets under the liquidator's control include properties in Hong Kong, the UK, and the US, as well as luxury items such as private jets, luxury cars, and yachts [2] Group 2 - The 33 offshore companies are primarily located in Hong Kong, the British Virgin Islands, and the Cayman Islands, with some directly owned by Xu Jiayin and others by Ding Yumei [3] - The court previously ordered Xu Jiayin to disclose all assets valued over HKD 50,000, but he failed to comply, prompting the liquidator's request for asset control [3] - China Evergrande officially delisted from the Hong Kong Stock Exchange on August 25 [3]

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, following a global injunction that prohibits the disposal of assets valued up to $7.7 billion [1][2]. Group 1: Legal Developments - The Hong Kong High Court has frozen Xu Jiayin's family assets, which involve 33 offshore companies and 7 bank accounts held in his name or through offshore entities [1]. - The court's ruling allows the liquidator to take control of the offshore companies fully owned by Xu Jiayin, and all related bank accounts have been frozen [1][3]. - The court referenced a foreign case that indicates even if assets are placed in a discretionary trust, the court can still exercise a Chabra injunction if the defendant can control the trust's operations [2]. Group 2: Asset Details - The assets under the liquidator's control include properties in Hong Kong, the UK, and the US, as well as luxury items such as private jets, luxury cars, and yachts [2]. - Specific luxury vehicles mentioned include two Rolls-Royce Phantoms with license plates corresponding to Evergrande's previous stock code [2]. Group 3: Compliance Issues - Xu Jiayin was previously ordered to disclose all assets valued over HKD 50,000, including those held in his name or others, but failed to comply with this order [3]. - The liquidator applied to the court for control over all of Xu Jiayin's related assets due to non-compliance with the asset disclosure order [3]. Group 4: Company Status - China Evergrande officially delisted from the Hong Kong Stock Exchange on August 25 [4].