“祥源系”百亿金融产品爆雷！公安、法院火速出手，有人数百万无法提现

Core Points - The core issue revolves around the financial crisis faced by Xiangyuan Group, led by Yu Faxiang, resulting in the freezing of shares of its listed companies, Xiangyuan Cultural Tourism and Jiaojian Co., due to significant debt risks associated with financial products [1][10][12] Group 1: Financial Crisis and Share Freezing - Yu Faxiang's companies, Xiangyuan Cultural Tourism and Jiaojian Co., have seen their stock prices plummet over 20% and 30% respectively following the freezing of shares [1][3] - As of the announcement date, Yu Faxiang and his associated entities have had a total of 612,433,915 shares frozen, representing 58.08% of the total share capital of Xiangyuan Cultural Tourism [4][5] - The freezing of shares is linked to multiple financial disputes, including a pre-trial preservation procedure related to loan guarantee contracts with financial institutions [6][8] Group 2: Government Response and Investigation - The local government has established a working group to assist Xiangyuan Group in addressing its debt crisis and ensuring normal operations [14][15] - The working group began its investigation on December 12, 2025, focusing on the assets and liabilities of Xiangyuan Group to facilitate debt resolution [15][16] - The government aims to protect investors' rights and maintain social stability amid the ongoing financial turmoil [14][15] Group 3: Impact on Investors - Investors have reported significant losses, with many having invested substantial amounts in financial products linked to Xiangyuan Group, which are now facing default [10][12] - The total scale of the financial products at risk exceeds 100 billion yuan, with over 200 products involved, leading to widespread investor concern [10][12] - The Zhejiang provincial government has set up channels for investors to voice their complaints and seek information regarding the situation [20][21]