Core Viewpoint - The article discusses the legal troubles faced by Yu Faxiang, the actual controller of three listed companies under the "Xiangyuan System," due to overdue financial products, leading to his criminal detention and potential implications for the companies involved [3][5]. Group 1: Company Developments - Yu Faxiang has been taken into criminal custody by the Shaoxing Public Security Bureau for suspected criminal activities, as announced by Xiangyuan Cultural Tourism (600576.SH) and Jiaojian Co., Ltd. (603815.SH) [3][5]. - The companies confirmed that they have not received any requests for assistance in the investigation and that their operations remain normal, with no significant impact expected on their business [3][5]. - Yu Honghua, associated with Yu Faxiang, resigned from his positions in the listed companies due to personal reasons [3][4]. Group 2: Financial Issues - The crisis originated from overdue financial products issued by Xiangyuan Holdings, for which Yu Faxiang and the companies bear joint guarantee responsibilities [5]. - As of December 16, shares held by Yu Faxiang and the controlling shareholder of Xiangyuan Cultural Tourism have been judicially frozen, with a total of 612 million shares (58.08% of total shares) affected [6][7]. - Jiaojian Co., Ltd. reported that 27.43 million shares are under judicial freeze, with an additional 202 million shares marked for judicial action, indicating significant financial distress [6][7]. Group 3: Company Assets and Future Outlook - Xiangyuan Holdings claims to possess approximately 30-40 billion in real estate assets and is actively seeking new financing channels to address its financial challenges [7].

Core Viewpoint - The crisis surrounding Xiangyuan Holdings has led to significant judicial freezes on shares of its listed companies, Xiangyuan Cultural Tourism and Jiaojian Co., raising concerns about their financial stability and operational continuity [1][3][6]. Group 1: Share Freezes and Financial Impact - Xiangyuan Cultural Tourism has over 600 million shares frozen, representing 58.08% of its total share capital, while Jiaojian Co. has 27.4 million shares frozen, accounting for 44.32% of its total share capital [2][3]. - The freezing of shares is primarily due to financial loan guarantee contract disputes and the transmission of debt risks from related platforms [3][7]. - The total amount of overdue financial products issued by Xiangyuan Holdings exceeds 10 billion, linked to unsold and halted real estate projects [1][6]. Group 2: Government Intervention - A support team from Shaoxing City has been established to assist Xiangyuan Holdings, aiming to understand the operational difficulties and provide legal support to stabilize the company's operations [1][5]. - The government is actively investigating the financial issues surrounding Xiangyuan Holdings to ensure compliance with legal obligations and protect investor rights [6][7]. Group 3: Shareholder and Management Actions - Xiangyuan Holdings' major shareholders have been involved in frequent share pledges and releases, indicating potential liquidity issues [2][4]. - The companies assert that their actual controllers and major shareholders maintain independence in terms of assets, business, and finances, despite the high percentage of frozen shares [6][7]. - The stock price of Xiangyuan Cultural Tourism has dropped by 27.54% since December 4, reflecting market concerns over the ongoing financial crisis [7].