On August 17, the enterprise information publicity system highlights new trends, Evergrande Group Chairman Xu Jiayin announced that he stepped down, at the same time, Ke Peng also stepped down as general manager, legal representative, etc., replaced by Zhao Changlong, who not only serves as the new chairman of the board of directors, but also serves as an executive director of Evergrande Real Estate and vice chairman of the board of directors.
The news of Xu Jiayin stepping down shook the financial circle like a thunderbolt, and Evergrande's stock price fluctuated, and the market's concern about Evergrande's future prospects was evident. However, Evergrande clarified that the personnel change is a routine adjustment after the termination of the shell of deep housing A shares, which does not involve specific management structure and equity changes. At present, Hui Kayan is still sitting on the throne as the chairman of the board of directors of Evergrande Group and the actual controller of Evergrande Real Estate Group.
Recall that before August 2017, Zhao Changlong was the chairman, general manager and legal entity of Evergrande Real Estate Group. Subsequently, Evergrande established Evergrande Real Estate Group for the purpose of returning to the A-share market through shelling, carrying out shareholding reform and setting up a board of directors, with Xu Jiayin serving as the chairman of the board of directors, with the aim of preparing for the reorganization and listing of deep housing. Now that the shell program is terminated, Hui Kayan is no longer the chairman of the board of Evergrande Real Estate Group, and Zhao Changlong has returned to take charge of the company again.
Evergrande Real Estate Group's changes and market reaction can not help but remind people of the current situation of China's real estate industry. In August last year, the Ministry of Housing and Construction and the Central Bank convened a meeting of real estate enterprises and put forward the regulatory requirements of "three red lines", i.e., the gearing ratio shall not be greater than 70%, the net debt ratio shall not be greater than 100%, and the cash-to-short-debt ratio shall not be less than 1 times after excluding the advance receipts. According to the number of stepping on the line, real estate enterprises are divided into green, yellow, orange and red. After a year of efforts, many real estate enterprises to implement measures to reduce leverage, fans found that if you look at the "Top 50 listed real estate enterprises 'three red lines' list" in reverse order, many familiar names jumped out at you.
Despite the fact that China's professional soccer salons have neutralized their names, the names of major investors and title holders are still deeply rooted in the hearts of fans. Of the five red-file real estate companies that exceed the three red lines, four are parent companies of Chinese Super League salons. Fortune's Guangzhou City Salon has upheld a small-budget strategy over the years, and after sending away Xavi, who demanded a pay rise, and seeking cost-effective newcomer Guilherme's rapid integration into the team, Guangzhou City once again demonstrated its unique charm. Entering this season's Chinese Super League title contenders group with a fourth-place finish in Guangzhou can be considered a reward for Guangzhou City's business approach of living within its means.
Teams such as Huaxia Wonderful and Hebei are also facing the crisis of broken financial chains, but are trying to cope. Guangzhou team although the parent company Evergrande recently rumors, but the team's operation is still stable. This season, Guangzhou has become a team of "only out but not in", with the return of the Pagoda combination, the transfer of veterans such as Zeng Cheng, Feng Xiaoting, Gao Lin, etc., as well as the young players and naturalized players under the leadership of Cannavaro, fulfilling the promise of the "All Chinese Class", and the performance is in line with the expectations of the outside world. The performance is also in line with the expectations of the outside world.
In contrast, Shanghai Shenhua's performance has been unsatisfactory, despite the fact that the team's reinforcement efforts have not been small. After the first stage, Shenhua entered the relegation group, and fans generally believe that veteran manager Cui Kangxi was too stubborn and unwilling to adapt, resulting in the team's fighting strength failed to play. The Shenzhen team's reinforcement efforts show that its financial situation is better than most of its Chinese Super League competitors, but it should be noted that the Shenzhen team's strength in the transfer market is also due to the policy and economic support of the local government departments.
At present, 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 ranked the top of the standings of the two regions, to a large extent, predicts the development trend of China's professional soccer for some time in the future, that is, the state-owned continue to enter the field, salon equity diversification.
In most of China's professional salon equity structure is relatively single case, the holder of the withdrawal of capital will be a huge impact on the salon, it is difficult to find the next home of the salon was forced to swallow the bitter fruit of the closing. 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 state-owned enterprises, private enterprises, social organizations, individuals and other contributors to participate in the multi-investment model. Pilot study salon membership, fund investment and other forms of equity diversification mode, to avoid salon owner withdrawal of funds, the team can not find the next home can only close the tragedy.
