Core Viewpoint - The financial products associated with the Xiangyuan Group have faced overdue repayment issues, leading to the criminal investigation of its actual controller, Yu Faxiang, by the Shaoxing Public Security Bureau [2][3] Group 1: Financial Product Issues - Since late November, investors have reported that financial products from the Zhejiang Jin Center linked to the Xiangyuan Group have been unable to be redeemed or withdrawn [2][3] - As of December 5, the Xiangyuan Group's executive vice president admitted that approximately 2 to 3 products had not been repaid, stating, "We currently have no money" [2] - The stock prices of Xiangyuan's listed companies, including Jiaojian Co. and Xiangyuan Cultural Tourism, have significantly declined, with Jiaojian Co. dropping 46.6% from a high of 14.93 yuan to 7.97 yuan, and Xiangyuan Cultural Tourism falling 35.7% from 9.45 yuan to 6.08 yuan [2] Group 2: Government Intervention - A government support task force was established on December 12 to investigate the financial situation of the Xiangyuan Group and ensure the protection of investors' rights [3][4] - The task force aims to understand the company's operational difficulties and demands while categorizing various assets for targeted assistance and debt risk management [4] Group 3: Relationship with Zhejiang Jin Center - Zhejiang Jin Center, established in 2013, has close ties with the Xiangyuan Group, having issued multiple financial products backed by Yu Faxiang and Xiangyuan Holdings [5][6] - The center's ownership structure includes significant stakes held by entities with state-owned backgrounds, which attracted investors [5] - The financial products in question are primarily structured to supplement liquidity for trading institutions, with underlying assets being debts owed by Xiangyuan's real estate companies, which have questionable credit quality [7][8]
旗下产品陷兑付危机,祥源系实控人俞发祥被采取刑事强制措施
Nan Fang Du Shi Bao·2025-12-22 15:15