Xu Jiayin, founder of China Evergrande.

(picture taken from Weibo)

[Financial Channel/Comprehensive Report] Xu Jiayin, the founder of Evergrande, a Chinese real estate developer with high debts, reported that he jumped off the building at noon on the 2nd, but Evergrande internally refuted the rumors.

The reason why Xu jumped off the building was reported because Guangzhou Yuexiu Public Security posted the three words "Xu Jiayin" on the official Weibo PO, and then the Internet was fried.

According to the pictures posted on the Internet, Xu was forced by his creditors to jump down from the second floor. The secretary called the police, and the police and fire brigade rushed to lay the mats.

However, this picture cannot be verified as authentic.

According to the news from China’s WeChat, Xu Jiayin was forced by creditors and planned to jump down from the second floor on the morning of the 2nd. Fortunately, the secretary called the police, and the police and fire brigade urgently laid a mat on the first floor. Xu felt that it was not high enough, so he jumped. Not only forced the creditors to withdraw, but also continued the meeting that afternoon.

Please read on...

The reason why this matter spread on Chinese social platforms and Twitter is because Guangzhou Yuexiu Public Security Editor posted the words "Xu Jiayin" at 1:08 p.m. At 1:33, the voice of the executives assigned by Xu to resume work and production was released, but it did not reassure the outside world.

Because Xu Jiayin was originally scheduled to host the China Evergrande monthly work meeting at the Guangzhou Evergrande Center, the Guangzhou headquarters building, at 15:30 on the same day, but the meeting was temporarily canceled, and market doubts did not diminish.

Finally, Evergrande was forced to release a message that night, and also attached a photo of Xu Jiayin attending the meeting, emphasizing that at 19:00 on the 2nd, the company held a special meeting on the work of the Baojiao Building, and Xu Jiayin appeared and spoke.

Xu mentioned that in the first 11 months of 2022, China Evergrande delivered a total of 256,000 buildings, and will strive to complete 300,000 buildings throughout 2022.

The official Weibo of Guangdong Yuexiu Public Security also apologized for the previous PO post with the words "Xu Jiayin" at 18:32 on the same day, claiming that it was caused by a mistake made by the editor, and management will be strengthened.

There was a picture of Xu Jiayin jumping off a building on the Internet, but the authenticity could not be confirmed.

(picture taken from WeChat)

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