Evergrande held a mobilization meeting for the construction of Baojiao Building in 2022 a few days ago.

At the meeting, Xu Jiayin revealed that the target of handing over about 70 million square meters and 600000 sets of buildings this year is equivalent to nearly 50 per cent of all Evergrande's Baojiao building projects to be completed by the end of the year. Xu Jiayin also revealed that Evergrande currently has more than 50 billion yuan in pre-sale supervision funds and 80 billion yuan in outstanding sales.

In addition, Xu Jiayin also mentioned again at the meeting, "We should not sell the company's assets cheaply at any time, and we should pay attention to guard against loopholes in the process of asset disposal." We can't rely on the cheap sale of assets to pay off the debt, otherwise it will be very difficult to pay off the debt even if the asset is sold out cheaply. "