His small dream dream of Mr. Hua Giao - Rural kid always looking forward to urban life - turning into a big ambition, pushing China Evergrande into a deep debt docking hole.0: 00/6: 46 South Vietnam On the first day of 2017, he promised to press meetings with the staff in Guangzhou. Here, he gave a daring and diversified target for China Evergrande in a 3-hour speech. The Chinese real estate delegation wants to achieve a revenue of 1,000 billion yuan (equivalent to 154
.8 billion USD) In 2020, nearly 5 times the revenue in 2016.Theo South China Morning Post, at the same time, a "storm specified" is landing. Beijing has claimed to start cutting leverage
However, Beijing authorities focused on corporations such as Anbang Insurance Group, HNA Group Co. And another real estate developer is Dalian Wanda Group Co.Tó that are groups that are promoting overseas operations, which are considered to withdraw money from China. Meanwhile, China Evergrande still actively expanded in the country. Now, his corporation promised to become the most debt real estate developer in the world. The total debt pays up to 300 billion USD.China Evergrande Group - the world's most debt estate group - debt a total of $ 300 billion and will have to pay $ 124 billion right this year. Photo: REUTERS.THOUSE LIGHT OF BACKGROUND - FOOD OF CHINA EVERGRANDE - Born in a small village in Gaoxian Town, Henan Province, Central China. He grew up in his grandmother's care arm
His mother promised the death of cancer when he was not 1 year old. He promised to practice metallurgy at Wuhan Castle Institute, before looking for a job at the local steel factory. In 1987, a policy was born according to the reform requirement of the Chinese leader Deng Xiaoping. Shenzhen administration for the first time selling land use rights to a state-owned enterprise, creating a premise for the use of public land is housing. One year after the pioneer in Shenzhen, China issued a national law , officially determined the concept of privately owned housing. In 1992, he promised to abandon the work at the steel factory to southern China. This is also where he started the first business. At first time, he had to sleep in the hallway or kitchen when he was in charge of a company office. Four years later, he promised the first important milestone in his career when establishing China Evergrande in Guangzhou. The Group has started to build high-rise apartments and sell to buyers. In the late 1990s, before China joined the World Trade Organization (WTO), state-owned enterprises dominating the industry real estate industry. Because they have the ability to access the most privileged locations. At that time, apartments are often large and expensive, exceeding the ability to pay for most consumers, except for rich buyers. Photo: Bloomberg.In whenever, he promised to focus on building affordable apartments, serving a more crowded buyer. Because he was also a rural child dreaming of urban life. He promised to borrow money to build with low costs, sell unfinished apartments and use high revenue lines to invest in the Group. "Companies like China Evergrande have earned billions of dollars based on the sale plan Previously (selling apartments completed in the future) and high leverage in the early days of Chinese economic reform, "said liver liver professor at the Southwest University of Finance and Economics." Now, The time has changed. What the government needs is not the company or billionaires using high financial leverage, but the field returns to reasonable growth, "he added. In 2017, when 21 years old, China Evergrande becomes the world's largest real estate corporation in revenue. He promised the richest billionaire in China with an estimated 42.2 billion USD of assets. Evergrande also bought a team and spent money to recruit international players. He promised the ambition to occupy the tram market. In March 2019, he vowed to catch up a car company of Elon Musk billionaire and became the world's largest tram producer in the next 3 to 5 years. From the largest charity house to the owner of Phu Nhat billion debtors Hua Giao also borrowed money from his familiar relationships to invest in real estate service business and electric car startup. In January, he promised to sell 26 billion HKD (equivalent to 3.4 billion USD) shares in Evergrande's electric car startup for 6 investors. Lock-up stage (not withdrawal of investment capital) lasts 12 months. Group of 6 investors including Mr. Chen Hua, Chairman of Kingkey Group. He spent 5 billion HKD into his electric car startup promised through a subsidiary. Personal Mr. Wong Kwong Miu, Boss Shenzhen Centralcon Investment Holding Co. (Based in Mainland China), also invested 5 billion HKD. Chair China Gas Holdings Ltd. Liu Ming Hui poured 3 billion HKD.Shenzhen Greenwoods Investment Group Wang Zhongming also invested 5 billion USD. Father . Dịch vụ:
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