“金字招牌”信仰崩塌，浙金中心陷入“祥源系”违约风暴

Core Viewpoint - The trust in "Zhejiang Financial Asset Trading Center" (now "Zhejiang Zhejin Asset Operation Co., Ltd.") has collapsed after the "Xiangyuan System" products faced a crisis, leading to significant financial losses for investors who believed in the stability and government backing of the platform [2][9]. Group 1: Investor Trust and Experience - Investors had a long-standing belief in the stability of the Zhejin Center, which operated for over 10 years with a steady return of around 5% [2][3]. - Many investors, including those who invested significant amounts, were unaware that the products they purchased were from the "Xiangyuan System" until the crisis occurred [4][6]. - The initial appeal of the Zhejin Center was its government backing and the perception of safety associated with its financial products, which were often linked to government projects [5][10]. Group 2: Product Details and Performance - A significant portion of the products on the Zhejin platform originated from the "Xiangyuan System," with one investor reporting an investment of 4.2 million yuan across 17 products, yielding annual returns between 4.4% and 5.1% [4][6]. - Specific products, such as "Financial Asset Income Rights (Maozheng Shaoxing)" and "Financial Asset Income Rights (Haihong Lishui)," were mentioned, with some already overdue for payment [4][7]. Group 3: Changes in Company Structure and Operations - The Zhejin Center's ownership structure has shifted, with private enterprises taking over from state-owned entities, leading to concerns about the platform's reliability [10][12]. - By the end of 2024, the Zhejin Center lost its financial asset trading business qualification, which raised alarms among some investors, although many remained unaware of this change [10][11]. - The new major shareholder, a private company, has connections to the "Xiangyuan System," which has led to increased scrutiny and concern among investors [12].