Group 1 - The core viewpoint of the article highlights that the "Xiangyuan system" products traded at the Zhejiang Financial Asset Exchange have exceeded a transaction scale of over 10 billion yuan as of December 8, indicating significant investor interest despite recent defaults [1] - Several "Xiangyuan system" yield rights products have defaulted, primarily traded at the Zhejiang Financial Asset Exchange [1] - An investor reported an investment of 6 million yuan across 13 products, all guaranteed by the "Xiangyuan system," with one product named "Financial Asset Yield Rights (Wanjie Changxing)" having defaulted on its payment due on December 1 [1] Group 2 - The product description indicates that the trading institution is Changxing Wanjie Investment Partnership, with credit enhancement provided by Xiangyuan Holdings Group and Yu Faxiang, and the underlying asset consists of a factoring financing debt right valued at 50 million yuan [1] - The product is structured to pay interest every six months [1]

Group 1 - The "Xiangyuan system" products traded at Zhejiang Financial Asset Exchange Center have exceeded 10 billion RMB in scale as of December 8, indicating significant investor interest and potential market impact [1] - Several "Xiangyuan system" yield rights products have defaulted, raising concerns about the reliability of these financial instruments and the entities backing them [1] - An investor reported a total investment of 6 million RMB across 13 products, all guaranteed by the "Xiangyuan system," highlighting the concentration of risk among these offerings [1] Group 2 - One specific product, "Financial Asset Yield Rights (Wanjie Changxing)," has defaulted, with its maturity date on December 1, indicating a failure in expected returns for investors [1] - The product was backed by Xiangyuan Holding Group and involved a receivable financing debt of 50 million RMB, emphasizing the financial obligations tied to these investments [1] - Interest payments for the product were scheduled every six months, which may affect investor cash flow expectations following the default [1]