标签归档 苏州水磨会所

Recently, Hengda news constantly, Hengda real estate was investigated, workout stranded, executives were investigated one by one… The disposal of Hengda issues by regulators is constantly up the ante, Hengda, and the ending is getting closer and closer.

Evergrande cannot issue new bills

On the evening of September 24, China Evergrande released a bombshell message: in view of the fact that Evergrande Real Estate Group is being investigated, the current situation cannot meet the eligibility for the issuance of new notes.

There are relevant provisions for the issuance of bills by real estate enterprises. Article 8 of the "Pilot Measures for the Administration of Overseas Issuance of Securities and Listing of Domestic Enterprises" stipulates that there are five circumstances under which overseas issuance and listing shall not be allowed.One of them is that domestic enterprises are being investigated according to law for suspected crimes or major violations of laws and regulations, and there is no clear conclusion yet.

The "Hengda Real Estate Group is under investigation" mentioned in the announcement was on August 16 this year. Hengda Real Estate announced that it had received the "Notice of Filing a Case" issued by the China Securities Supervision Commission. Due to the company’s suspected information disclosure violations, the China Securities Supervision Commission decided to file a case against Hengda Real Estate.

In fact, after being investigated, he immediately knew that new bills could not be issued, and the announcement was made now, perhaps out of consideration for the resumption of trading in Hengda Hong Kong shares on August 28.

In addition, new notes cannot be issuedThat is, there is no way to issue bonds and borrow money, which means that Hengda’s blood transfusion pipeline is blocked from the financing end, and it also means that overseas workouts may end in failure.

Previously, Hengda’s workout voting meeting was pushed back and forth until September 22, when it directly announced that the workout meeting would not be held because sales were not as expected.

In March this year, Evergrande announced a restructuring plan for its $19.149 billion foreign debt, offering three options to creditors.

First, replace the old debt 1:1 with the new note,new billThe duration is 10 to 12 years.

Second, convert to a 5-9 year termnew billConverted into a combination of Hengda Property, Hengda New Energy Vehicles, or equity-linked notes linked to Hengda’s listed shares.

And thirdly,A combination of the above two…

That is to say, all three options require the issuance of new notes.

Now Hengda cannot issue new bills, financing channels are blocked, and workouts are also put on hold. It is clear that the Hengda issue has begun to close the net.

Many generals are being investigated

The first person to be taken away was Ke Peng, the former CEO of Evergrande Group. In January this year, he was taken away by the police for investigation because of his involvement in Hengda’s old reform in Shenzhen.

Shenzhen’s old renovation project was once regarded as Evergrande’s most important "ballast stone".

As early as 2016, Hengda’s financial report showed that it had 38 old renovation projects in Shenzhen, and the total value after all development would exceed 600 billion yuan. In 2019, Xia Haijun, then president of Hengda, once said that Hengda had 48 projects in Shenzhen, which was the largest developer of land reserves in Shenzhen, and the future income was unlimited. In 2020, Hengda’s financial report showed that Shenzhen accounted for 55 of the 104 old renovation projects laid out by Hengda.

But now it has been investigated, indicating that illegal activities may have been involved in the operation of these old renovation projects.

On September 16, Du Liang, general manager of Evergrande Wealth, and other suspected criminals were taken criminal coercive measures by Shenzhen public security. According to market news, the people arrested by Evergrande Wealth this time are all management.

Evergrande’s wealth is Xu Jiayin’s "money bag", which is used to provide financing for Evergrande’s own or related projects.

In August 2021, due to the difficulty of redemption, Evergrande announced that its financial products would stop selling to the outside world. According to the statistics of China Evergrande Group, from the initiation of financial products to the suspension of sales, the total amount of financing involved about RMB 92.10 billion yuan.

In September 2021, Evergrande’s wealth exploded, causing investors from all over the world to protect their rights. On September 10 of that year, Xu Jiayin publicly stated, "I can have nothing, but Evergrande’s wealth investors can’t have nothing. We must ensure that all maturing wealth products are repaid as soon as possible, not a penny less."

However, according to the "Internal Control Assessment and the Main Results of the Review of Certain Issues Raised by the Former Auditor" issued by Evergrande on August 24, 2023, as of December 31, 2022, Evergrande Wealth has not paid principal and interest of 34 billion yuan.

On August 31, Hengda Wealth once again issued a document saying that due to the lower than expected progress of asset disposal and the lack of asset disposal funds, it could not be redeemed for the month. From 8,000 yuan per month to 2,000 yuan per month, and then completely unable to redeem, in less than two years, Hengda Wealth’s cash flow has completely dried up.

Now it seems that Xu Jiayin’s lofty words at that time were nothing more than a delaying strategy, and now they cannot be repaid. Evergrande’s wealth may be suspected of crimes.

On September 21, Zhu Jialin, the former chairperson of Evergrande Life Insurance, was investigated.

Evergrande’s other purse is "Evergrande Life Insurance", which was fully taken over by Haigang Life Insurance, a newly established state-owned insurance company, due to serious insolvent.

In the heyday of Evergrande Life Insurance, it was responsible for "blood transfusion" for various businesses. Like Evergrande’s wealth routine, it sold high-yield universal insurance to attract the purchase of insurance products, and funneled the money to Evergrande’s real estate, automobile and other businesses through trusts and other means.

Hengda life is 2015 through the new Great Eastern Life Insurance changed its name, the total assets from 73.10 billion yuan in 2016 to 241.50 billion yuan in 2020, net profit has dropped from 1.243 billion yuan in 2017 to 333 million yuan in 2020, serious insolvent, the industry said its previous financial report may have problems, as the chairperson of Hengda life Zhu Jialin, may be involved.

On September 26, the latest news from Caixin English Network said that Xia Haijun, the former CEO of China Evergrande, and Pan Darong, the chief financial officer, have both been controlled or taken away.

Xia Haijun, the former president of Evergrande, is the most famous and responsible person in Evergrande besides Xu Jiayin, and is known as the "working emperor of the real estate industry".

Before Hengda’s thunder, the then president Xia Haijun immediately sold his holdings of Hengda dollar debt, cash 56.688 million dollars (about 360 million yuan), in 2021, Xia Haijun also successively reduced his holdings of Hengda property, Hengda Auto, Hengda RV Bao shares, a total of about 1.0155 billion Hong Kong dollars (about 827.20 million yuan).

In March 2022, Hengda Property was exposed 13.40 billion deposits were enforced, and with further investigation of the incident, the three executives involved, Xia Haijun, Pan Darong and Ke Peng, were asked to resign by the board of directors.

Xia Haijun has been the No. 2 figure in Evergrande for more than a decade. Major events in Evergrande’s development history are inseparable from Xia Haijun’s participation and decision-making, including Hengda’s financial management.

Xia Haijun and others were controlled by the relevant departments, which is a very obvious signal that the relevant departments have dealt with Evergrande, or have reached the stage of closing the net, even the executives who have left before cannot escape responsibility.

It’s hard to get back

With the "capable generals" around Boss Xu being caught one by one, Evergrande is not far from the finale.

Since Hengda’s explosion, the fire sale of Hengda’s shares, the "technical" divorce, and the filing for bankruptcy protection in the United States may pay for this series of "lying down" operations.

In the past six months, China Hengda has repeatedly disclosed that Hengda Real Estate is involved in major litigation and fails to pay off due debts. Among them, as of the end of July, Hengda Real Estate involves more than 30 million yuan in pending litigation, a total of 437.743 billion yuan in due and unpaid debts 2775.01 billion yuan, and a total of 207.50 billion yuan in overdue commercial tickets. Up to now, Hengda Real Estate has more than 600 information on the person subject to execution, and the total amount of execution exceeds 55.70 billion yuan. In addition, there are many restrictions on consumption orders, dishonest persons subject to execution (Lao Lai) and final case information.

Hengda since the second half of 2021 large-scale exposure to debt risk, nearly two years is still difficult to ease the pressure on funds, as of the end of June this year after excluding contractual liabilities of 1.78 trillion yuan, involving a large number of loans, payables, net assets negative 644.20 billion yuan. According to incomplete statistics, Hengda is currently involved in the country’s unfinished housing reached 1.60 million sets, which is behind 1.60 million families, close to 5 million people. The regulatory authorities left Xu boss time, or just to let him complete the task of "guaranteeing the building" as much as possible.Author | Wang Jian

Poster of the Chinese version of the movie Fireworks

Special feature of 1905 film network Summer, swimming pool, bathrobe, fireworks, secret admirer … … All the beautiful things in the world seem to have stayed on that day.

On December 1st, an animated film adapted from Shunji Iwai’s work of the same name was opened in the mainland, and it only took 27.9619 million box office in one day. Although it still lags behind the one produced by Dongbao, it is still the best among Japanese animated films released this year compared with "Sword of God".

Story | Start with fireworks and end with fireworks.

This story begins with a question of teenagers: When viewed from the side, are fireworks round or flat? The two sides with different views argued, and finally they decided to go to the lighthouse at the fireworks meeting that night to find out.

Girls with different growth rates always have different worries from boys. Disgusted by her mother’s remarriage and about to transfer to another school, Cai Jinnai lay by the pool with her eyes closed.

Come to the swimming pool to be the official on duty. You Jie decided to compete in swimming and asked her to be the referee. Unexpectedly, Dian Dao hurt his foot in the game and lost the game. What he didn’t know was that his unrequited love for Cai Jinnai invited the winner Suksuke to watch the fireworks together in the evening.

However, you Jie, who is proud and shy, stood Cai Jinnai up for an agreement with his friends. Disappointed Cai Jinnai admitted that she had made up her mind to invite the winner of the two to watch the fireworks together. It’s just that Cai Jinnai thought Canon would win, and originally wanted to invite Canon. Her elopement plan also fell through in her mother’s obstruction.

The Taoist priest who witnessed all this suddenly thought: If he had won at that time, would the outcome be different? So, Canon road back to before the game.

This time he won, and Cai Jinnai invited him naturally, and then the boy and the girl embarked on an "elopement" trip with the ultimate goal of watching fireworks.

Theme | Why "Fireworks"?

Japanese writer Kotaro Isaka wrote in the book: "The primitive carefree feeling brought by fireworks washed away the fatigue and meaningless persistence of people in the place, and made everyone return to the most innocent childhood."

Stills of the movie "Golden Dream"

Fireworks are of special significance to the Japanese, but for young boys and girls, it is definitely the most important event at that age to meet with the people you like to watch fireworks together. At the moment when the fireworks are lit, time is like solidification. You can only see the dazzling fireworks overhead, and you can only think about the person around you at this moment.

Animated version of "Fireworks" Cai Jinnai and Diandao watch fireworks together.

Jinnai, a Chinese dish in the animated version, achieved something that was never done in the live-action version: watching fireworks with Canon Road. Then she said, "It doesn’t matter whether the fireworks are round or flat, as long as they are with Dian Daojun." Although the two versions have their own treatment on whether they watched the fireworks together, doesn’t this sentence in the animated version echo the "wherever you like" said by Cai Jinnai, who chose not to watch the fireworks in the live-action version?

The live-action version of "Fireworks" dish Jinnai doesn’t care about watching fireworks, just wants to be with Canon Road.

As Cai Jinnai said, whether the fireworks are round or flat is no longer important, nor is it important to watch the fireworks, because the fireworks themselves are just a cover. Through this cover, the teenagers frankly shouted out the names of the people they secretly loved, and the ignorant teenagers and precocious girls finally reached a spiritual interweaving and resonance.

You Jie, who has a crush on you, feels depressed after seeing Diandao "escape" with the girl, and expresses his feelings to the sky. The infected boys shout out the names of the people they like.

Creation | Shunji Iwai and the Tragic Aesthetics in Fireworks

The animated version of Fireworks is directed by animation director Akiyuki Shinbo (Story Series, Lion in March) and directed by Hitoshi Ohne (), and is based on Shunji Iwai’s original work.

The film can be said to be the ultimate work of Shunji Iwai’s tragic aesthetic view.

If you were to talk about the style of Shunji Iwai’s works, how would you describe it? Beautiful, pure, cruel and sad … … Then, summarizing these with Japanese traditional aesthetics is probably "the beauty of mourning." Shunji Iwai’s aesthetic feeling of mourning for things first appeared in the TV short film Fireworks, and it was continued in the animated version.

The film has always been Shunji Iwai’s gentle and delicate.

See food jin nai was taken away, Canon heart very regret.

A slow motion used to depict the inner emotional changes of boys,

The silhouette of teenagers reflects Cai Jinnai’s concern for canon.

The profile shows that the girl secretly observes the reflection and silhouette of the boy in the water.

The train bound for the seaside gives a sense of unreality.

Explain the scene change, render the empty shot of the atmosphere,

Canon peeks at food, Jinnai.

The close-up of the subtle expressions of the protagonists, these shooting techniques together constitute the inner world of the protagonists, which also depicts the youthful and ignorant love between boys and girls.

Canon changed the past four times, creating parallel time and space.

In the story, Akiyuki Shinbo expanded the two endings in Shunji Iwai’s original work, which were divided into "winning or losing the swimming competition", and the regretful hero changed the past four times. The director painted the textured pictures and the strange shapes of fireworks with pencils, so that the audience and the hero and heroine in the story can know that their world is not the real world, but the parallel time and space created by boys.

Parallel worlds, like fireworks, will eventually turn into nothingness after a short period of beauty. In reality, Canon Road and Caijinnai have never had such an intersection, and will soon separate the two places, but their hearts will be filled with such a common memory.

Fireworks will fade away, youth will grow old, and when everything is gone, only the memory of you by my side will last forever.

Should Zhang Ning be scolded? Some fans who support Zhang Ning think how can you blame Zhang Ning? Zhang Ning is not a god. Can a team be won by one person? And Zhang Ning doesn’t have the ball. How can you blame Zhang Ning? This is entirely due to the tactical arrangement of head coach Chen Lei. Zhang Ning doesn’t have the tactical core of Chen Guohao, but the question is, do you know that Zhang Ning didn’t want to play the Universiade originally? Zhang Ning is the ace player specially invited by the Basketball Association of the Universiade to win the championship, and Zhang Ning himself is also an all-star player in CBA. As the top CBA player, Chen Guohao’s reputation is much worse than Zhang Ning’s, so it’s not too much for you to say that he is James to play CBA. As a result, Zhang Ning showed no superstar demeanor. After losing to the provincial team Taipei, Zhang Ning suffered all kinds of abuse and criticism.

However, Zhang Ning’s reputation was reversed with his strong play. Zhang Ning led the China men’s basketball team to beat the Japanese 84-62. Zhang Ning himself made 12 of 17 shots and got 27 points, 5 rebounds and 4 assists. Chen Guohao made 10 of 12 shots and got 22 points, 8 rebounds, 3 assists, 2 blocks and 1 steal. Wiliam got 12 points. What did this game show us? That is, Zhang Ning’s individual singles ability is absolutely top-notch among the players in this Universiade. Moreover, Zhang Ning, who owns the ball, can not only score by himself, but also drive Wiliam to score. Chen Guohao also plays more efficiently with Zhang Ning’s assistance.

Zhang Ning’s style of play is simple, and there are three main tactics. He either holds the ball outside the three-point line or plays pick-and-roll with Chan Kwok-ho. After pick-and-roll he can score by himself. After pick-and-roll, Chan Kwok-ho can also pick up Zhang Ning’s pass and hit the basket, while Wiliam lies in the bottom corner. When Zhang Ning meets a double-team or sees that Wiliam has a vacancy, he immediately passes the ball to let Wiliam project a three-point. Zhang Ning’s style of play is not very professional, and he prefers to play wild ball.

What are the disadvantages of this style of play? Of course, once you can’t score, or your personal ability is insufficient, it will cause you to occupy a lot of ball rights, and your teammates can’t play, and one person will dominate the victory of the whole team. But isn’t this exactly in line with the purpose of inviting Zhang Ning by the Basketball Association of the Universiade? Originally, the goal of inviting you to come over is to win the championship. To win the championship is to abuse college students by using your personal ability. After all, it is widely rumored that professional players can easily hang and beat college students. Otherwise, Su Qun wouldn’t have revealed that the China men’s basketball team is rushing to win the championship this time to form a team. As a result, Zhang Ning’s role can’t be changed, and he always thought that he was just here to help.

How did Zhang Ning lead the China men’s basketball team to lose three games in a row? Zhang Ning takes the ball and carries it a few times, or observes the movement of his teammates, and then passes the ball to Wang Lanying or Li Yiyang. Then the tactical arrangement of head coach Chen Lei is also very simple, with Chen Guohao and Zou Yang as the core of attack, and the whole team is serving the two college athletes. At this time, Zhang Ning has no ball rights. Can Zhang Ning solve this problem? Not really. Zhang Ning only needs not to pass the ball and dribble himself to break through. Against the Japanese team, Zou Yang only got 2 points, 7 rebounds, 1 assist and 1 block, Li Yiyang got 2 points, 3 assists and 2 steals, and Wang Lan made 1 of 10 shots and only got 2 points, 6 rebounds and 2 assists. As for this performance of his teammates, Zhang Ning often has to pass the ball to Wang Lan and Li Yiyang.

If Zhang Ning plays the Japanese team and then passes the ball to Wang Lanzhang and Li Yiyang to control the ball as before, then the China men’s basketball team will undoubtedly lose this game. We have been talking about Zhang Ning as a special guest and an ace player of the China men’s basketball team. With him, the China men’s basketball team will set the goal of winning the championship. At this time, Zhang Ning is a privileged player. As long as you can win, even if you occupy all the ball rights of the team, no one will spray you at all. You are the ace. This is it.

Many fans will question whether Zhang Ning is ruining his basketball career by doing so. But have you ever thought that with Zhang Ning’s strength, he basically has no chance in the first team of China Men’s Basketball Team. According to his ability, CBA will always be the main force as long as there is no large-scale injury. What is Zhang Ning afraid of at this time? And do you still need to give face to Tsinghua University head coach Chen Lei, a graduate of Peking University? And if Chen Lei has outstanding ability, will he be reversed by Guanggong to win the championship? As a professional player in CBA, isn’t Zhang Ning much better than Chen Lei? In competitive sports, you have been listening to a weak person making tactical execution for you. Can this be successful? This is the current situation of sports in China, where a group of incompetent head coaches occupy the position.

Final summary

If Zhang Ning had woken up earlier, as he said, if Zhang Ning had played so early, the China men’s basketball team would not have lost three games in a row, but also lost to the provincial team Taipei and Zhang Ning. It is estimated that the China men’s basketball team now has the opportunity to compete for the championship. Zhang Ning’s only bad thing in this Universiade is that he is too humble. Obviously, you are the ace player. You don’t take a lot of ball rights to score points in singles, and you don’t lead the attack of the whole team. Instead, you pass it to Wang as soon as you lose. In the Japanese game, after Zhang Ning changed his style of play, he not only won the game, but also made Chen Guohao efficient, and Wiliam’s score was no longer questioned. Therefore, Zhang Ning should have abolished the head coach Chen Lei’s style of play with Chen Guohao and Zou Yang as the core. Unfortunately, nothing happened. I hope Zhang Ning will not be too humble in the future and really play his due ability on the court.

I’m A Mu. Do you think Zhang Ning should have abolished the tactics of head coach Chen Lei long ago? You are welcome to pay attention to message exchange.