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Xu Jiayin becomes the new richest man in China

China's richest man has changed again! It seems that China's richest man has a very fierce competitive position. According to the latest data from Forbes, Xu Jiayin, chairman of Evergrande and head of Guangzhou Evergrande Taobao club, became the new richest man in China with a value of US $39.1 billion, slightly higher than Ma Huateng, the second richest man, and Ma Yun, the third spokesman of village teachers.

Recently, China Evergrande's stock price continued to rise, rising nearly 6% again in early trading, continuing to reach a new record, with a market value of more than 370 billion Hong Kong dollars. Since this year, Evergrande's share price has risen more than 480%. As the stock price of Evergrande in China has reached a new high recently, the value of Xu Jiayin, chairman of Evergrande, has soared. According to the latest data from Forbes, Xu Jiayin has become the new richest man in China with a value of US $38.8 billion.

The strong performance of Evergrande is the main reason why Xu Jiayin's value soared. In the semi annual report of Evergrande issued at the end of August, Evergrande's net profit more than tripled, and its net debt ratio halved, realizing a year-on-year increase of 832.2% in the profit attributable to shareholders.

According to gronway, industry insiders believe that the main reason for the continued crazy performance of real estate stocks lies in the support of sales data. Industry insiders also pointed out that the concentration of the real estate industry has increased. With the advantages of financing, land acquisition and sales, leading enterprises are seizing more and more market share and gaining more profits. Today, the industry environment is gradually moving from high cycle fluctuation to stable, the space for leading enterprises to integrate the market is further expanded, and the long-term investment value is prominent.

Xu Jiayin's resume

Xu Jiayin, male, born in October 1958 in Taikang County, Zhoukou City, Henan Province, is the chairman of the board of directors, Secretary of the Party committee and head of the United Front Department of China Evergrande group, Professor of management and doctoral supervisor of Wuhan University of science and technology, one of the top ten philanthropists in China, member of the 11th CPPCC National Committee, member of the Standing Committee of the 12th CPPCC National Committee and national model worker, concurrently vice president of China Enterprise Federation Vice president of China Real Estate Association, honorary president of Guangdong Charity Association, President of Henan chamber of Commerce of Guangdong Province, vice president of Guangdong Guangcai Promotion Association, honorary president of Guangdong General Chamber of Commerce, etc.