[Epoch Times, July 23, 2021]Zhou Shiping, the founder of the mainland Hongling P2P platform, was arrested a few days ago. The industry speculates that Zhou Shiping’s accident is related to the overdue payment of the Hongling P2P platform.
The board of directors of Shennan Jinke Co., Ltd. issued an announcement on the 22nd stating that on the same day, it received a notice from the family of the company’s controlling shareholder and actual controller Zhou Shiping that Zhou Shiping had been taken criminal coercive measures by the Futian Branch of the Shenzhen Municipal Public Security Bureau. The company was unable to learn about the specific circumstances of the case, and the case is under investigation.
The announcement of Shennan shares stated that Zhou Shiping will no longer hold any position in the company after resigning from the company’s chairman, legal representative and other related positions in May 2021. The above matters are personal cases of the actual controller and have nothing to do with the company. Production and operation do not constitute a significant impact.
The mainland “Tech Finance Online” reported on July 22 that the industry speculated that Zhou Shiping’s probability of being investigated by the police was related to the overdue payment of the Hongling P2P platform that was actually accused. The Hongling platform includes Hongling Venture Capital, Yiqiandai and Investment Treasure.
Hongling Venture Capital is the first P2P platform in Shenzhen, and Zhou Shiping is known as the “leading brother” of online lending. However, because of the repeated losses of Hongling Venture Capital’s investment, on August 1, 2017, Hongling Venture Capital held a strategic transformation conference and announced that it would withdraw from the online lending industry.
However, this landmark transformation and liquidation event, known as the online lending industry, was changed to compliance filing by the Shenzhen Finance Office of the Communist Party of China due to “industry stability reasons”. Therefore, Hongling Venture Capital’s first liquidation and transformation plan was interrupted. .
In March 2019, Hongling Ventures announced its second liquidation and gave a timetable for downsizing: In 2019, the scale of online platform inventory will be reduced by 5 billion yuan, and the scale of online platform inventory will be reduced by 8 billion yuan in 2021. At the end of December, the online inventory of the platform was cleaned up. The data published on the website at that time showed that the outstanding amount was 18.4 billion.
However, in June 2020, Zhou Shiping admitted that Hongling Venture Capital’s “three-year retirement plan” would be difficult to complete on schedule. Since then, there have been many rumors of Hongling Venture Capital running away and Zhou Shiping surrendering.
Up to now, the Hongling Venture Capital Platform has redeemed a total of 2.548 billion yuan, and the remaining 15.837 billion yuan has to be redeemed.
Netizens “attitude netizen 05-Nr1” mentioned another Hongling platform “investment treasure” and said: “Investment treasure is even worse. It has been three years, and the net principal is less than 6%.” “Attitude netizen 027Ft4” also Said: “Investment treasure is also Lao Zhou’s cash machine, the poor lender of investment treasure was buried alive.”
Netizen “Kiribati” said: “Pure fraud.”
The netizen “0iyyDi, a netizen with an attitude” said: “Zhou Shiping should have gone in long ago, using capital and interest protection, defrauding more than 20 billion yuan and ruining countless families. A scammer like him was shot and killed.
Some analysts pointed out that the mainland’s P2P Internet lending platform developed disorderly under the CCP’s indulgence, attracting investors with high returns. After attracting funds, some of the funds ran away, and some of the investment failed or were deceived. Many P2P platform funds Insolvency has caused heavy losses to investors. Investors have no return but no way to redress their grievances. They can only go to the top of the CCP departments at all levels, but the CCP authorities ignore them.
Editor in charge: Liu Yi#
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