On September 18, 2017 (July 28, 2017 in the lunar calendar), Xu Jiayin became the new richest man in China. On September 18, 2017, the latest data from Forbes showed that Xu Jiayin became the new richest man in China with a price of 39.10 billion US dollars, slightly higher than the second Pony Ma and the third Jack Ma. China Evergrande rose 5.61% to 28.25 yuan per share. Since the beginning of this year, Evergrande's share price has risen from less than 5 Hong Kong dollars at the beginning of the year to the current 28 Hong Kong dollars, an increase of 470%. Evergrande's strong performance is the main reason for Xu Jiayin's skyrocketing value. In Evergrande's semi-annual report released at the end of August, Evergrande's net profit more than tripled, the net debt ratio was halved, and the profit attributable to shareholders rose sharply by 832.2% year-on-year. This is the best semi-annual report in history, thanks to Evergrande's transformation from "large-scale model" to "scale and efficiency". According to the Securities Times, since the end of August, more than a dozen international investment banks, including Citigroup, Merrill Lynch, Nomura, and Haitong Securities, have raised Evergrande's target price one after another, giving "buy" and "strong buy" suggestions, and continue to be optimistic about Evergrande's stock price performance. In addition, on September 15, Evergrande issued a notice of holding an extraordinary general meeting of shareholders on October 3, voting to update the option incentive quota to 10% of the total share capital, in order to achieve the purpose of incentivizing the grantee to improve work efficiency. The analysis believes that this move has stabilized and incentivized Evergrande's management team, which is conducive to the continued stability of performance. In terms of the overall property market, China's real estate inventory has been reduced rapidly this year. It is estimated that the de-inventory period is only 5.1 months. Data released last week showed that inventory data at the end of August fell to a new low in nearly three years. According to the Forbes rich list, in 2017, Xu Jiayin ranked 128th in the global rich list; in 2016, China's rich list ranked 9th. Half a month ago, according to Bloomberg data, Xu Jiayin's net worth has surpassed Li Ka-shing and ranked second in Asia, chasing Ma Yun.