“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 [4][6][13]. Group 1: Background and Trust Issues - Investors had a long-standing belief in the stability of the Zhejiang Financial Asset Trading Center, which operated for over 10 years with a steady return of around 5% [4][6]. - Many investors were unaware that the majority of products on the platform were from the "Xiangyuan system," leading to a false sense of security [7][8]. - The platform's initial reputation was built on its government backing, which has since diminished as private enterprises gained control [4][13]. Group 2: Investor Experiences - One investor reported a total investment of 4.2 million yuan in 17 "Xiangyuan system" products, with expected annual returns between 4.4% and 5.1% [7]. - Another investor, who invested 6 million yuan, only realized the risks when products began to default, with one product overdue for payment [8][10]. - Investors expressed feelings of being in a "boiling frog" situation, where they were unaware of the gradual changes in the platform's ownership and risk profile [6][8]. Group 3: Changes in Company Structure - The Zhejiang Financial Asset Trading Center underwent significant changes, including a shift in major shareholders from state-owned enterprises to private companies, with the largest shareholder being a private investment firm [14][15]. - In October 2024, the company lost its financial asset trading business qualification, which raised concerns among some investors, although many remained unaware of this change [14][16]. - The new ownership structure has led to over 90% of the products on the platform being from the "Xiangyuan system," with a total trading scale exceeding 12 billion yuan [16].