新浪财经·2025-12-17 11:36Core Viewpoint - The article discusses the financial crisis faced by Xiangyuan Group and its subsidiaries, Xiangyuan Culture and Jiao Jian Co., due to the freezing of shares and the inability to repay financial products, leading to significant stock price declines and investor concerns [2][3][12]. Group 1: Financial Crisis and Share Freezing - Xiangyuan Group's major shareholder and actual controller, Yu Faxiang, has had shares frozen due to legal issues related to financial product guarantees, affecting both Xiangyuan Culture and Jiao Jian Co. [2][5][9] - Following the crisis, Xiangyuan Culture and Jiao Jian Co. saw stock price drops of over 20% and 30%, respectively [3]. - As of the announcement date, Yu Faxiang and his associates had a total of 612,433,915 shares frozen, representing 58.08% of Xiangyuan Culture's total share capital [5][6]. Group 2: Debt Risk and Investor Impact - The financial products linked to Xiangyuan Group, which promised annual returns of 4% to 5%, have faced repayment issues, with the total amount involved exceeding 10 billion [12][13]. - Investors have reported being unable to withdraw funds from the platform associated with these financial products, leading to significant financial distress for many [13][19]. - The Zhejiang provincial government has established a task force to investigate the situation and assist affected investors [14][16]. Group 3: Government Response and Support Measures - A support team was deployed to Xiangyuan Group to assess its assets and liabilities and ensure the company continues its operations [17]. - The government aims to help the company manage its debt crisis while maintaining investor rights and stabilizing the social environment [16][17]. - The investigation into the financial issues will also include any potential criminal activities related to the case [18].