Xu Jiayin Submits Political Surrender Document: Who is on the Survival List

Xu Jiayin Submits Political Surrender Document: Who is on the 'Survival List'? (Video)

[People News] 'I plead guilty, I repent.' When these six words were spoken by Xu Jiayin, the former richest man in China and head of Evergrande, it triggered not only a shockwave in the legal community but also marked the end of an era and a comprehensive reckoning of power.

Once, he donned a Hermès golden belt, watching military parades from the Tiananmen Tower, confidently vying for the title of China's richest man. Today, he sits in the defendant's seat at the Shenzhen Intermediate People's Court, facing eight serious criminal charges, bowing his once proud head as he publicly submits a confession letter, which serves as a formal 'political surrender document.' Behind the 24 trillion yuan in vanished debts, what kind of 'life agreement' did Xu Jiayin reach with the higher-ups during his more than 900 days of detention?

Why is he not defending himself? What prominent figures are concealed within the so-called 'Xu's List,' which has made even ministerial and vice-ministerial officials uneasy? And what can the ordinary citizens, who drained their 'six wallets' to purchase unfinished buildings and invest in failed financial products, ultimately recover from this massive cost that is being shared by everyone? Behind Xu Jiayin's 'extreme cooperation,' whose life is he trying to protect? Whose assets have been safeguarded? From the family of Zeng Qinghong to the political landscape of Guangdong, how has this 'life-saving gold medal' list become a powerful tool for balancing factions? As the 'belt brother' enters the party's confines, who will ultimately bear the cost of this Ponzi scheme that has impacted millions of families?

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