Jia Yueting, founder of LeEco Group, responded to an order issued by the China Securities Regulatory Commission's (CSRC) Beijing branch via an open letter on Tuesday, saying that he has entrusted his family to the listed company's debts, media reports said.

In the response, Jia said he has entrusted Jia Yuemin, his elder brother, and Gan Wei, his wife, to communicate with the CSRC over his rights as the shareholder of the listed company and to carry out related responsibilities, thepaper.cn reported on Tuesday.

Gan Wei updated her Weibo account on Tuesday, confirming that she has been entrusted by Jia to solve the debt problems.

Gan also stated that Jia has paid 2 billion yuan ($307 million) in taxes and that the company's pledge loan balance is currently 6.9 billion yuan, shareholding investment is about 1.6 billion yuan, operational input is about 15.2 billion yuan and guarantee for the company is more than 10 billion yuan, the Weibo post said.

CSRC Beijing Bureau told the Global Times on Tuesday that the office will post further decision regarding Jia's reponse on its official website.

Jia has repeatedly promised to do his best to settle the debts attached to the company and to make up for the impact and losses caused by his bad management.

In the letter, he apologized to society, the government, investors, shareholders, services suppliers and employees while also promising to fulfill his responsibilities as a shareholder.

He also said that he will proactively discuss with employees of the listed company about proposed solutions for the debt issues through sales of assets, the letter noted.

Jia has claimed that progress has been made in fundraising for electric car start-up Faraday Future, pushing for mass production of the electric vehicle FF 91 and punctual delivery of it to the US in particular.