理财投资，别被“国资”股东蒙了眼

Core Viewpoint - The article emphasizes the misconception among investors that a "state-owned background" guarantees the safety of financial products, highlighting the need for thorough due diligence beyond superficial assurances [3][4]. Group 1: Background and Context - Zhejiang Financial Asset Trading Center, now known as Zhejiang Zhejin Asset Operation Co., Ltd. (Zhejin Center), was established in 2013 with a focus on "government guidance and market-oriented operations," primarily backed by state-owned capital [2][4]. - Many investors were attracted to Zhejin Center not due to high returns, which ranged from 4.6% to 5%, but because of its perceived state-owned background [2]. Group 2: Misconceptions and Risks - The case of Zhejin Center illustrates a common investor error: equating state-owned shareholder backgrounds with product safety [3]. - State-owned shareholders have limited liability and do not guarantee the safety of every product issued by the company, as they operate as independent legal entities [4]. - The perception of a "state-owned background" may be misleading, as such shareholders might not be involved in actual operations or may have limited influence due to complex ownership structures [4]. Group 3: Recent Developments and Consequences - As of December 8, 2025, the largest shareholder of Zhejin Center was a private investment management company, significantly diluting the state-owned shareholding [5]. - The core business qualifications of Zhejin Center were lost by October 2024, yet this information was not communicated to investors, leading to a lack of awareness until risks materialized [5]. - Similar issues were observed with Dongguan Mengda Group, where promotional claims about state-owned backgrounds misled investors until the truth about illegal fundraising emerged [5]. Group 4: Investor Guidance - Investors should not rely solely on promotional claims regarding "backgrounds" and must assess their own risk tolerance and the quality of underlying assets [6]. - It is crucial to verify the ownership structure and historical changes through official channels, such as the National Enterprise Credit Information Publicity System [6]. - High returns should trigger caution regarding potential underlying risks, and investors should ensure that the financial institution's operational qualifications are valid and up-to-date [6][7]. Group 5: Regulatory Recommendations - Regulatory bodies should enhance monitoring of product promotions to prevent misleading claims about "state-owned" or "government credit" endorsements [7]. - There should be strict obligations for timely disclosure of significant changes in ownership and qualifications to protect investors' right to information [7].