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A Shadow of Evergrande's Collapse: Xu Jiayin's Empty Top-Tier London Mansion — episode cover art
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A Shadow of Evergrande's Collapse: Xu Jiayin's Empty Top-Tier London Mansion

About this story

A Shadow of Evergrande's Collapse: Xu Jiayin's Empty Top-Tier London Mansion. HSK 5-6 Chinese listening practice.

This is an HSK 5-6 Chinese listening episode that runs about 6 minutes. The full Mandarin script is shown with tap-for-pinyin and a line-by-line English translation, so you can listen and read at once — comprehensible input in the sense of Stephen Krashen's i+1 theory. It teaches 16 key vocabulary words such as 问题、普通、农村 and walks through 3 grammar patterns, each explained in English with examples. The same news story is retold at 4 difficulty levels — use the level selector above to find the version that is challenging but still understandable for you.

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原文

Read the complete story in Chinese. Reveal pinyin and English only when you need them.

今天一栋房子一栋房子
坐落伦敦核心骑士地区一度称为"英国最贵"
年初亿千万英镑成交换算人民差不多二十亿
就是这样一栋如今大门里面一个都没有已经好几
那里原因牵扯的是大和动地崩塌
这个
早年贫困农村白手起家一路做到中国首富位置
手里曾是全国规模最大房地产巨头之一
生意就是然后再去更多
风光岁月盖了数不清赚得
正是身家巅峰时候出手下了伦敦
时候私人飞机四处出入各种名流圈子何等风光
房子究竟奢华什么地步
拥有十五房间四部电梯还有一个室内游泳池
整栋一百窗户其中六十正对着伦敦著名海德公园
也不几栋房子打通改建地下室就有批准继续扩建方案
多年一直是伦敦房产市场一块金字招牌
无论哪个角度都是中的
然而好景
后来剧情大概听说暴雷
欠下债务一个天文数字最高峰超过三千亿美元早已抵债根本无力偿还
三千亿美元什么概念
很多国家收入
到了四年正式进入破产清算
崩塌其实不是而是无数普通
很多家庭掏空积蓄交了房子停工一辈子血汗这么套牢
本人也没全身而退今年已经承认财务造假指控正在等待最终判决
那么问题伦敦如今到底属于
这里
房子产权登记并不而是通过一家公司持有最终受益人他的太太
微妙的是持有加拿大国籍而且当年房子还是另一香港富豪
除了报道伦敦公寓以及加拿大房产身家高达亿英镑
后来离婚
外界普遍怀疑离婚未必只是感情问题多少转移财产金蝉意味
无论初衷如何真正麻烦恰恰离婚开始
如今局面一个形容就是
一头清算急着资产他们不得
另一想把房子手套法院早已冻结相关资产同样不掉
力量互相房子这样半空奈何不了
一年三年过去始终一人
这个故事荒诞地方不在房子本身
而是气派门廊之下竟然常年一个
他是一位瑞典早年科技记者如今身无长物
他在全球最贵门口一堆雨伞搭起一个简陋栖身
方寸之地称为自己"假装花园"就是三年
不妨想象一下这个画面
全世界昂贵房子之一内里空空灰尘
它的门口一个一无所有普通这里成了自己
其实早在二二房子已经降价标价亿英镑依旧无人接手
按理一栋价值连城房子拿去天经地义
偏偏产权国籍缝里动弹不得
这些中国国内一片片伦敦留下摊子还有很多
最贵房子只是其中刺眼讽刺一个
到底一栋房子朴素意义是用住人
号称最贵偏偏成了房子
一边一人一边门口那个当家陌生人
对照任何数字
故事某种程度也是过去二十中国房地产一个缩影一路高歌直到一天机器再也不动
伦敦房子就像疯狂岁月永远下来一帧画面
这样伦敦成了崩塌留在一个冰冷背影
今天故事聊到这儿我们下期再见
English transcript reference

Today I want to talk about a house — a truly surreal one.

It sits in the heart of London's Knightsbridge, once dubbed Britain's most expensive mansion.

In early 2020 it sold for a staggering £210 million — roughly 2 billion yuan.

Yet this top-tier mansion now stands locked and empty, uninhabited for several years.

The reason it sits empty ties back to the earth-shaking collapse of Evergrande and Xu Jiayin.

First, the man himself.

Xu Jiayin rose from a poor rural village, building from nothing all the way to China's richest man.

His Evergrande was once among the nation's largest property giants.

Plainly put, Evergrande's business was buying land, building, selling — then using the proceeds to buy still more land.

In its most glorious years, Evergrande built countless projects and Xu Jiayin raked in fortunes.

It was at the peak of his wealth that he snapped up this London mansion.

Back then Xu Jiayin flew around on private jets, mingling in elite circles — the picture of prestige.

Just how lavish is this house?

It has 45 rooms, four elevators, and an indoor swimming pool.

The whole building has over a hundred windows, more than sixty facing London's famous Hyde Park.

The mansion has quite a pedigree — merged from several houses, with a two-story basement and approved plans to expand further.

For years it was a gold-standard name in London's top-end property market.

By any measure, it's the very top of the top.

But the good times didn't last.

What followed you've probably heard: Evergrande imploded.

Its debt was astronomical — over $300 billion at its peak — long past solvency and impossible to repay.

What does $300 billion even mean?

It's more than many countries earn in a whole year.

By 2024, Evergrande formally entered bankruptcy liquidation.

And the hardest hit in the collapse weren't Xu Jiayin, but countless ordinary homebuyers.

Many families emptied their savings on a down payment, only to see construction stall — a lifetime's earnings locked away.

Xu Jiayin didn't escape unscathed either; this year he admitted to multiple charges including financial fraud, and awaits final sentencing.

So the question is: who does this London mansion actually belong to now?

This is where things get murky.

The property isn't registered to Xu Jiayin, but held through an offshore company, with his wife Ding Yumei as ultimate beneficiary.

More delicately still, Ding holds Canadian citizenship, and back then she bought the house jointly with another Hong Kong tycoon.

Beyond this mansion, Ding reportedly holds dozens of London flats and Canadian property, worth several hundred million pounds.

Later still, Xu Jiayin and Ding Yumei divorced.

Outsiders widely suspect the divorce wasn't purely personal, but carried a whiff of shifting assets and slipping the net.

But whatever the intent, the real trouble began precisely with the divorce.

The current situation, in a word, is a deadlock.

On one end, Evergrande's liquidators are eager to cash in the asset to repay debt, but can't touch it.

On the other, Ding wants to sell and cash out, but the court froze the assets, so she can't sell either.

The two forces lock each other in place, leaving the house suspended in mid-air, beyond anyone's reach.

One year, two, three go by, and the house stays utterly empty.

But the most absurd part isn't even the empty house itself.

It's that, beneath its grand porch, a man has lived year-round.

He's a Swede, once a tech reporter, now with nothing to his name.

At the door of the world's priciest mansion, he built a crude shelter from a pile of umbrellas.

He jokingly calls this tiny patch his "pretend home and garden," and has stayed three years.

Go ahead and picture the scene.

One of the world's most expensive houses, hollow inside and gathering dust.

And at its door, a penniless ordinary man makes it his home.

As early as 2022 the house was relisted at £200 million, yet still found no buyer.

By rights, selling a priceless house to repay debt should be the natural thing to do.

Yet it's wedged in the cracks of ownership and citizenship, unable to budge.

From swaths of unfinished buildings back in China to this empty London mansion, Evergrande has left many messes behind.

And this priciest empty house is merely the most glaring — and most ironic — of them.

In the end, a house's plainest purpose is to be lived in.

Yet this so-called priciest mansion became the emptiest house of all.

On one side, the emptiness within; on the other, the stranger at the door who calls his umbrellas home.

That contrast of cold and warm is more moving than any number.

Evergrande's story is, in a way, a microcosm of two decades of Chinese real estate — build, borrow, build again, charging ahead until one day the machine could turn no more.

And this empty London house is like a single frame of those crazy years, frozen forever.

It stands frozen in London — a cold silhouette of Evergrande's great collapse, left in a foreign land.

Okay, that's where the story ends; see you next time.

Listen again

Try it without the transcript and notice what sounds clearer.

What vocabulary does this episode teach?

词汇
wèntíproblem; question

A question. 那么问题来了 = so the question arises…

pǔtōngordinary

Ordinary. 无数普通购房者 = countless ordinary homebuyers.

nóngcūncountryside; rural

Rural. 从贫困的农村白手起家 = built from nothing from a poor village.

qiánmoney

Money. 用卖楼的钱再去拿地 = using the sale money to buy more land.

shìjièthe world

The world. 全球最贵豪宅 = the world’s priciest mansion.

shùzìnumber; figure

A figure. 一个天文数字 = an astronomical figure.

shōurùincome

Income. 比很多国家一整年的收入还多 = more than many countries’ yearly income.

míngziname

A name. 登记的并不是许家印 = not registered under Xu Jiayin’s name.

háozháimansion

A luxury mansion. 全英国最贵的豪宅 = Britain’s most expensive mansion.

fángdìchǎnreal estate

Real estate. 全国最大的房地产巨头之一 = one of the largest property giants.

zhàiwùdebt

Debt. 它欠下的债务是天文数字 = its debt was astronomical.

pòchǎnbankruptcy

Bankruptcy. 正式进入破产清算 = formally entered bankruptcy liquidation.

qīngsuànliquidation

Liquidation. 恒大的清算方 = Evergrande’s liquidators.

líhūnto divorce

To divorce. 真正的麻烦从离婚开始 = the real trouble began with the divorce.

dòngjiéto freeze (assets)

To freeze. 法院冻结了相关资产 = the court froze the assets.

zīchǎnassets

Assets. 把资产变现去还债 = cash in the asset to repay debt.

* beyond level超纲词

What grammar patterns appear in this episode?

语法

正是...(的时候)

"It was precisely… (that)…" — emphatic focus on time/circumstance.

正是在身家最巅峰的时候,他买下了这栋豪宅。

无论...如何 / 不管怎么说

"No matter how / regardless" — the result holds either way.

但无论初衷如何,真正的麻烦从离婚开始。

一头...另一头...

"On one end… on the other end…" — frames a two-sided deadlock.

一头是恒大的清算方,另一头是丁玉梅。

Proper Nouns

专有名词
许家印Xǔ JiāyìnXu Jiayin (Evergrande founder, aka Hui Ka Yan)恒大HéngdàEvergrande (the collapsed property giant)丁玉梅Dīng YùméiDing Yumei (Xu Jiayin’s ex-wife)伦敦LúndūnLondon骑士桥QíshìqiáoKnightsbridge (a district in London)海德公园Hǎidé GōngyuánHyde Park加拿大JiānádàCanada香港XiānggǎngHong Kong

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