Core Viewpoint - Zhejiang Jin Center announced the resumption of its platform system functions effective immediately as of January 5, 2026, but the announcement was quickly retracted, leading to confusion among stakeholders [1][4][13]. Group 1: Announcement and Reactions - The announcement regarding the resumption of platform functions was made on January 5, 2026, stating that relevant system functions would be restored [1][3]. - Following the announcement, it was retracted, and the official website no longer displayed the information, raising questions about its credibility [4][13]. - Creditors, particularly those with unwithdrawn balances, expressed hope for the platform's operational recovery and the ability to withdraw their funds [4][13]. Group 2: Timeline of Events - In mid-October 2025, some products related to the Xiangyuan system began to experience delayed payments [5][14]. - On November 27, 2025, the first signs of risk emerged as investors noticed missing transaction records in the Zhejiang Jin Center app, leading to a complete shutdown of the withdrawal function the following day [6][15]. - By December 5, 2025, the executive vice president of Xiangyuan Holdings admitted to creditors that there were no funds available, acknowledging that 2-3 products had not been repaid [6][15]. - On December 7, 2025, three listed companies associated with Xiangyuan Holdings announced overdue financial products, while claiming no responsibility for the overdue products [7][15]. - A support team was deployed to Xiangyuan Holdings on December 12, 2025, to initiate asset investigations and risk management [8][16]. - On December 16, 2025, core equity held by Xiangyuan Holdings and its guarantor was frozen [9][17]. - Reports indicated that some creditors had received early repayments for certain financial products by December 18, 2025, bypassing the Zhejiang Jin Center platform [9][17]. - On December 22, 2025, three listed companies announced that the guarantor was taken into criminal custody, and on December 23, the chairman of Zhejiang Jin Center was confirmed to be detained, with the case involving over 20 billion yuan and nearly 10,000 investors [10][17].