April 14, 2026, Shenzhen Intermediate People's Court.

Xu Jiayin stands in the defendant's seat. This former China's richest person, founder of Evergrande Group, publicly pleads guilty and expresses remorse.
The charges are respectively: illegal fundraising from the public, fundraising fraud, illegal loan issuance, illegal fund utilization, fraudulent securities issuance, violation of disclosure of material information, embezzlement of duties, and corporate bribery.
Each charge is weighty beyond measure.
The court will deliver a verdict at a later date. But everyone knows, this is not just a trial of an individual, but the end of an era.