Core Viewpoint - Xiangyuan Holding Group's financial asset income rights products have defaulted on payments, leading to rumors of "default" and "explosion" [1] Group 1: Company Response - Xiangyuan's listed companies, Xiangyuan Cultural Tourism and Jiaojian Co., issued announcements clarifying that the financial products in question are unrelated to them and that they do not bear any guarantee responsibilities [1] - Both companies confirmed that they are not responsible for any payment obligations related to the defaulted products and have not provided guarantees for any financial products [1][2] Group 2: Financial Product Details - The defaulted products had an average yield of approximately 4%-5% and were issued based on Xiangyuan Holding Group's original real estate projects [2] - At least ten companies under Xiangyuan are listed on the overdue list, with a total overdue balance exceeding 37 million yuan [2] Group 3: Platform Information - Zhejiang Financial Center, established in December 2013, is involved in bad asset transfer and investment income rights [2] - The center's financial asset trading qualifications were revoked as of October 31, 2024, and no new products are being released on its app, although existing products can still be transferred and purchased [2] Group 4: Lack of Disclosure - Xiangyuan Holding Group has not disclosed the total amount of the defaulted products or provided any formal statements regarding the distribution of payment responsibilities, compensation arrangements, or settlement plans [3]

Core Viewpoint - Recently, Xiangyuan Holding Group's financial asset income rights products failed to redeem upon maturity, leading to rumors of "default" and "explosion" [1][2] Group 1: Company Overview - Xiangyuan Holding Group, founded in 1992 and based in Shaoxing, Zhejiang Province, primarily focuses on investment and operation in the cultural tourism industry [1] - The group is the controlling shareholder of listed companies Xiangyuan Cultural Tourism (600576.SH), Haichang Ocean Park (02255.HK), and Jiaojian Co., Ltd. (603815.SH) [1] Group 2: Default Situation - Several financial products issued by Xiangyuan Holding Group have not been redeemed, with approximately 2-3 products currently overdue [1] - The overdue products are linked to real estate projects previously managed by Xiangyuan Holding Group, with a total overdue balance exceeding 37 million yuan from at least ten companies listed on the Shanghai Bill Exchange [2] - Investors reported that the products had an expected yield of about 4%-5% [2] Group 3: Company Response - In response to the default rumors, Xiangyuan Cultural Tourism and Jiaojian Co., Ltd. issued announcements clarifying that the overdue financial products are unrelated to the listed companies and that they do not bear any guarantee responsibilities [1] - The announcements also stated that the actual controller of the companies is in communication with relevant parties regarding the overdue payments [1] Group 4: Regulatory Context - Zhejiang Financial Management Bureau announced the cancellation of the financial asset trading business qualifications of Zhejiang Jin Center, which was involved in the trading of the overdue products [2] - Following this announcement, no new products have been released on the Zhejiang Jin Center App, although existing products can still be transferred and purchased [2]