Many companies in Evergrande have become hot searches for being dishonest and subject to execution. More than 240 companies under Xu Jiayin’s name have had their registration revoked.

The high-profile Evergrande case has recently made breakthrough progress. From April 13 to 14, 2026, the Shenzhen Intermediate People's Court of Guangdong Province conducted a public trial on cases involving Evergrande Group, Evergrande Real Estate and Xu Jiayin suspected of illegally absorbing public deposits, fund-raising fraud, and fraudulent issuance of securities.

At the court hearing, faced with the charges of related crimes, Xu Jiayin expressed his guilt and repentance in court. At present, the trial session has ended, and the court announced that the verdict will be announced at a selected date based on the trial situation. This development marks that Evergrande’s legal storm has entered a critical stage of conviction and sentencing.

As a former real estate tycoon, Xu Jiayin's business territory is extremely impressive. Data shows that he actually controls more than 2,200 companies, and his business scope spans real estate, finance, education, manufacturing and other fields. But behind its huge scale, its business situation has long been riddled with holes.

Among these affiliated companies, 245 have been canceled, revoked or ordered to close. With the full-scale financial crisis of Evergrande, this once huge business empire is facing an unprecedented collapse, and numerous legal disputes and illegal operations have also surfaced one by one.

Risk monitoring information shows that many core companies under Evergrande currently have negative records such as persons subject to execution, persons subject to execution for dishonesty, and restrictions on high consumption. Due to the huge scale of debt defaults, Evergrande has long become a typical example of dishonesty in the legal sense, commonly known as Lao Lai.

As the heads of enterprises, China Evergrande Group and Xu Jiayin himself have been restricted by the courts many times before from high consumption. The public trial of this criminal lawsuit is not only a liquidation of his personal illegal behavior, but also indicates that the handling of Evergrande’s financial risks has entered a deeper stage of legalization.

Xu Jiayin's guilty plea in court is an important step towards a fair verdict for the affected creditors and investors. The court's scheduled sentencing will ultimately reveal the final outcome of this financial crime case involving a huge amount of money and wide impact.