Core Viewpoint - The sudden "disappearance" of Liu Peng, chairman of *ST Chuangxing, has brought the "Zhejiang Overseas Chinese System" billion-dollar fundraising fraud case back into the public eye, highlighting ongoing investigations and potential implications for the company and its assets [2][4]. Group 1: Liu Peng's Detention and Background - Liu Peng was detained by the Hangzhou Public Security Bureau on September 18, 2025, with the investigation being unrelated to the company [3]. - His detention is linked to the Zhejiang Overseas Chinese fundraising fraud case, where 25 mid-to-senior level personnel have already been arrested [4]. - Liu Peng is a key figure in the Overseas Chinese system and has been involved in significant financial dealings, including a 100 million yuan emergency loan to the Overseas Chinese system just before the fraud case emerged [4][6]. Group 2: Relationship with Zhejiang Overseas Chinese System - Liu Peng has a strong background in the Zhejiang Overseas Chinese system, having been a core member since 2015 and holding various significant positions [6][7]. - The Overseas Chinese system has multiple entities under its umbrella, including *ST Chuangxing and other businesses, which are still operational and managed by original personnel from the Overseas Chinese system [5][11]. - Despite the fraud case, the assets under the Overseas Chinese system, particularly those managed by Liu Peng, have not been subjected to unified regulatory oversight, raising concerns about asset loss and investor rights [5][12]. Group 3: Implications for *ST Chuangxing - Following the fraud case, *ST Chuangxing has undergone a change in control, with new major shareholders emerging, but the governance structure remains unstable [9][11]. - The company’s previous major shareholder, Zhejiang Overseas Chinese Industrial Co., has not yet fully disposed of its remaining shares, indicating ongoing uncertainty [9]. - Liu Peng's detention has raised questions about the future management and asset disposition of *ST Chuangxing, particularly regarding the fairness and transparency of asset handling amidst the ongoing investigations [13].
华侨系核心人物刘鹏被刑拘