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On October 31, at the sales office lobby of "Huafa Zhuhai Bay" in Zhuhai, Guangdong, multiple construction workers sat by the sand table to demand unpaid wages.
Huafa Shares released its Q3 report, showing a net loss attributable to the parent company of 6.437 billion in the first three quarters. As of September 30, the owner's equity attributable to shareholders of the listed company was only 3.093 billion, a sharp decline from 19 billion within one year.
Insiders confirm that two matured trust products of Zhuhai Huafa Group were not redeemed on schedule, causing a sharp drop in the price of its offshore dim sum bonds.
The Zhuhai Jinwan District Tax Bureau has notified immigration authorities to block Xie Pingzhong from leaving the country starting October 15, citing the failure of Zhuhai Sanying Daily Necessities Co., Ltd. to settle outstanding taxes and late fees, or to provide a guarantee.
On October 11, according to domestic media reports, a member of the parent committee at Siji School in Jinwan District, Zhuhai, proposed in a group chat that parents take turns going to the school to supervise students' midday rest, claiming the move was intended to allow teachers to rest better.
A netizen submission claimed that Zhuhai Gree Intelligent Equipment Co., Ltd. worked overtime for the entire 7-day National Day holiday, working every day until 8 p.m. to 10 p.m., and went back to the site on October 14 to re-adjust the equipment, averaging about 12 hours of work per day with almost no rest during the period.
Statistics from JPMorgan at the end of October showed that multiple offshore bonds of Huafa fell by an average of 54 points, causing Huafa Shares' stock price to hit the daily limit and sparking widespread market concern over its debt crisis.
In October 2026, the banned blogger “Chigua Mengzhu” was invited to attend the Zhuhai Hanfu Carnival to interact with Hanfu enthusiasts offline; previously, Luo Xu had invited her to Guangzhou for a Hanfu event and covered her expenses.
On September 11, netizens witnessed a captive killer whale with a collapsed dorsal fin repeatedly headbutting the display tank at Chimelong Spaceship in Zhuhai. This incident has sparked widespread public concern and criticism regarding the captive environment in aquariums and the physical and mental health of the animals.
On September 14, 2026, multiple workers at the Guangdong Zhuhai Hengqin International Business Center, after more than three months of wage arrears, collectively went to the company to sit in protest and defend their rights.
Since September, Zhuhai Huafa has been seeking to negotiate with at least three Chinese banks, attempting to extend the maturity and lower the interest rates for all its deposits, but was rejected by the banks, which was followed by the default of its trust products.
On November 11, 2024, a malicious vehicle-ramming attack against citizens occurred on an internal road of the Zhuhai Sports Center in Zhuhai, Guangdong. Official reports said 35 people were killed and 43 injured, and the 62-year-old suspect, Fan, was subdued at the scene.
Zhuhai Fuhuali issued a notice stating that, due to requirements from relevant departments, the performance scheduled for Halloween night has been cancelled.
The fall of Wu Aicun, former director of the Zhuhai State-owned Assets Supervision and Administration Commission (SASAC), who had been involved in capital operations such as the Gree equity transfer, marked the beginning of the total collapse of the leadership in the Zhuhai state-owned assets system.
Zhuhai State-owned Assets transferred its 15% stake in Gree Electric to Hillhouse Capital for 41.66 billion yuan, and Dong Mingzhu and the management team established absolute control over the listed company through various interest arrangements.