On August 17, the enterprise credit disclosure system was officially launched, opening a new chapter in the Evergrande Group - Xu Jiayin stepped down as chairman of Evergrande Real Estate, Ke Peng also resigned as general manager, legal representative and other positions, and the new chairman, general manager and legal representative of the post was taken over by Zhao Changlong, who also serves as an executive director and vice-chairman of Evergrande Properties. He also serves as the executive director and vice chairman of Evergrande Real Estate.
The news of Xu Jiayin stepping down is like a heavy bomb, instantly setting off fluctuations of Evergrande's stocks in the financial market, and the outside world's reaction to this news also maps out the worries about Evergrande's future development. However, Evergrande emphasized that the personnel change is a routine adjustment after the termination of the A-share plan of Deep Housing, and did not touch on the specific changes of management structure and equity. At present, Hui Kayan still maintains the position of chairman of the board of directors of Evergrande Group and the actual controller of Evergrande Real Estate Group.
Recall that even before August 2017, Zhao Changlong had been the chairman, general manager and legal person of Evergrande Real Estate Group. Subsequently, Evergrande Group, in order to return to the A-share market, established Evergrande Real Estate Group, and established the board of directors after shareholding reform, and Xu Jiayin was appointed as the chairman of the board of directors, and this personnel arrangement was made in order to meet the needs of the reorganization and listing of Deep Housing. Now that the shell plan has collapsed, Hui no longer needs to serve as chairman of Evergrande Real Estate Group, and Zhao Changlong is back in charge of the company. In addition, Bloomberg recently reported that Evergrande, which was recently caught in a liquidity crisis, has obtained the extension of loans from several banks, and the pressure on its capital chain is expected to be temporarily eased.
Evergrande Real Estate Group's series of personnel changes and external repercussions, can not help but remind people of the status quo of China's real estate market. In August last year, the Ministry of Housing and Construction, the central bank called a meeting of real estate enterprises put forward the "three red lines" - excluding the advance receipts after the gearing ratio shall not be greater than 70%, the net debt ratio shall not be greater than 100%, the cash to short-term debt ratio shall not be less than 1 times. According to the number of stepping on the line, real estate enterprises are divided into four grades: green, yellow, orange and red. After a year of efforts, many real estate enterprises have implemented measures to reduce leverage, and Chinese Super League fans were surprised to find many familiar names in the "Top 50 Listed Real Estate Enterprises 'Three Red Lines' List" arranged in reverse order.
Despite the fact that China's professional soccer salons have neutralized their names, the names of the major investors and title holders have not yet been forgotten by the fans. Of the five red-file real estate companies that exceed all three red lines, four are parent companies of Chinese Super League salons. Fuli's Guangzhou City Salon for many years to adhere to the strategy of small business, after sending away the demand for salary increases Zahavi, Guangzhou City continue to seek cost-effective, new aid Guilherme quickly played for the team style of soccer, Guangzhou City once again showed "savory to make the flavor of roasted goose". With the fourth place in Guangzhou, Guangzhou City has entered this season's Chinese Super League title contenders group, which can be said to be a kind of reward for Guangzhou City's management style of keeping expenditure within the limits of revenues.
Huaxia beautiful face of the capital chain break crisis has a long history, Hebei team facing financial problems has long been no secret. In the face of the plight, the salon to take the "broken arm to survive" strategy, the beginning of the season sold Toure, Ren Hang, Luo Senwen and other players, the second transfer period, Malcolm and Paulinho two foreign aid was also sold by the salon. Although the team appeared in arrears of wages, but the plight of the Hebei team to a certain extent inspired the cohesion of the players, in the retention of Yin Hongbo, Wang Qiuming and Zhang Chendong and other local core on the basis of the team and through the loan to maintain the fighting force, coupled with the head coach Kim Jong-woo's coaching, the Hebei team in the many external difficulties under the interference of the team, surprisingly, managed to enter the group of the Championship, I'm afraid that the performance of the team is more or more unity in the locker room. But there is a prerequisite for gritting one's teeth and living a bitter life, that is, after surviving the bitterness, one has to savor the sweetness. Hebei team team so hard, part of the motivation is to hope that the relevant departments can see the plight of the team is now facing, early to deal with the survival crisis facing the Hebei team. After all, the players also want to live, a bitter is not a long-term solution.
As for the Guangzhou team, there have been no shortage of rumors circulating in public opinion recently surrounding the team's parent company, Evergrande. However, the operation of Guangzhou Salon is still smooth. This season, the Guangzhou team has become the reality of "only out but not in", can not return to China's Baota combination has returned to the team, Zeng Cheng, Feng Xiaoting, Gao Lin (2020 season to return to the team) and other meritorious veterans have transferred, leaving a group of naturalized players and young players in the leadership of Cannavaro to fight, the Guangzhou team to complete the "all Chinese class" commitment, in order to support the country, and to promote the development of the Chinese people. The Guangzhou team has fulfilled the promise of the "all Chinese class", and the performance is basically in line with the outside world's expectations of them, while raising soldiers for the country. However, it is also an indisputable fact that the Guangzhou team is much more low-key than in previous years. Accordingly, the pressure on the shoulders of the manager is also much smaller.
In contrast, several other salons, despite the existence of different degrees of financial problems, but at least have entered the championship group, only Shanghai Shenhua's reinforcement is not small, but after the first stage can only enter the relegation group. If you compare the team's strength on paper, Shenhua should have been one of the competitive teams in the Chinese Super League this season. Halfway through the first stage, Shenhua's results are not satisfactory, fans generally believe that the old manager Cui Kangxi is too stubborn, unwilling to change, and failed to play the team's fighting strength. After a wave of 4 rounds of unbearable, Cui Kangxi left his post, but Shenhua still did not play any content of the game, and was eventually blocked by the Beijing Guoan outside the door of the group of title contenders. In a way, Shenhua's reinforcements are not small, but the available new recruits are basically veterans in their 30s. Perhaps according to the league's regular one-game-a-week schedule, Shenhua's lineup will be more competitive, but this season's unusually dense schedule maximizes the disadvantage of Shenhua's veterans in terms of physical recovery. Now, Shenhua's early fall is also a kind of inevitable.
And it's easy to see from Shenzhen's reinforcement efforts that they are in a stronger financial position than the vast majority of their Chinese Super League rivals. However, it should be noted that the Shenzhen team's strength in the transfer market, but also from the local government departments in the policy and economic support. The general situation now is that many real estate companies are still trying to reduce leverage and debt. As a business in the "non-performing assets", the soccer salon is able to appreciate the value of assets, entrepreneurs naturally know. Let a person feel a little comfort is that now there is no real estate background of the salon because of financial problems and do the "hands off", like when the Suning Salon directly closed, let the players to find their own way out. However, it is certain that the real estate giants under the salon decline has been an indisputable fact.
Now look, the Chinese Super League "real estate market" has come to an end. Shandong Taishan, Changchun Yatai, the two state-owned background of the salon this season arranged the top of the standings of the two regions, to a large extent, pointed out the development trend of China's professional soccer for some time to come. That is, the state capital continues to enter the field, salon equity diversification.
In most of China's professional salon equity structure is relatively single background, the holder of the withdrawal of capital for the salon will form a huge impact, difficult to find the next home salon forced to swallow the bitter fruit of closure. To this end, the State General Administration of Sports previously issued a national soccer development on the construction of key cities to carry out the work of the guiding opinions, will be in accordance with the "government supervision, the main body of the enterprise, the community to participate in the market operation" principle, to build the state-owned enterprises, private enterprises, social organizations, individuals and other investment subjects to participate in the multi-purpose investment model. Pilot exploration of salon membership, fund investment and other forms of equity diversification model. In order to avoid the salon owner to withdraw funds, the team can not find the next home can only close down the tragedy.
