Original title: Xu Jiayin’s resignation as chairman of Evergrande Real Estate is shocking. Actually, he is still the actual controller
Operator Finance Kang Zhao/Text
On August 17, Evergrande Real Estate carried out relevant industrial and commercial registration changes. The chairman of Evergrande Real Estate Group was changed from Xu Jiayin to Zhao Changlong, which shocked the industry at first, but then Evergrande Group clarified that it was a normal change. This means that Xu Jiayin’s resignation is not what everyone imagined.
Xu Jiayin stepped down as the chairman of Evergrande Real Estate, not the chairman of the board of directors of Evergrande Group. Evergrande Group has a variety of businesses such as real estate, finance, automobiles, health, tourism and sports. Evergrande Real Estate is the most important business of Evergrande Group, but it is not the only business, nor can it be completely equivalent.
Xu Jiayin has always been chairman of the board of directors of Evergrande Group, but not always chairman of Evergrande Real Estate. Before August 2017, the chairman of Evergrande Real Estate was Zhao Changlong. Later, Xu Jiayin personally took over as chairman of Evergrande Real Estate.
Zhao Changlong has always been Xu Jiayin’s right-hand man. He graduated from Shenyang Metallurgical Machinery College, China in July 1986, majoring in metallurgy and heat treatment. Mr. Zhao graduated from Zhengzhou University of Technology in China in December 1997, majoring in industrial engineering. Joined Evergrande Real Estate Group in 1998 and served as general manager of the development center, assistant to the president, vice president, and head of the regional company. He has many positions now, not only as the chairman of Evergrande Real Estate Group, but also as the vice chairman and general manager of Evergrande Real Estate Group Co., Ltd. since July this year.
Evergrande Group responded that it was a normal change, and emphasized that Xu Jiayin has no specific management structure or changes in equity, and is still the actual controller. It is reported that this change may be related to the unsuccessful acquisition of “Shenzhen Real Estate” by Evergrande Group.
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