【Shocking Thunder!】 The financial platform in Zhejiang, which flaunted its state-owned background, has completely collapsed, with 20 billion yuan trapped, and the retirement savings of tens of thousands of families have gone down the drain!

It used to boast about being absolutely safe, but now the app directly shows system upgrades and disappears. This Zhejiang Financial Center initially had the aura of approval from the provincial government and support from state-owned shareholders, with a 500,000 yuan capital verification threshold to appear high-end. As a result, now over 20 billion yuan is gone just like that, and investors are sleepless all night.

The state-owned platform has long changed its nature.

Since 2023, the original state-owned shareholders have quietly withdrawn their investments, and the private enterprise Hangzhou Mingzhi Investment has become the major shareholder. Behind it lies the Xiangyuan system, which has secretly mixed in through controlling stakes. In October 2024, the trading qualifications were revoked, and in January 2025, it was directly renamed and rebranded, and these operations were completely unknown to the investors.

After the collapse, chaos ensued.

The stock prices of the listed companies under the Xiangyuan system plummeted, with Haichang Ocean Park dropping 24% in just two days. The platform and listed companies hurriedly distanced themselves, saying they are not responsible for the payouts. The Xiangyuan system claims to have 60 billion yuan in assets, but it all consists of unfinished buildings and unsellable tourism projects.

Three lessons to remember:

First, don’t get carried away just because of the state-owned background; if the shareholders have changed and the qualifications are gone, you must investigate clearly.

Second, low returns do not mean low risks. Be cautious of anything that hides where the money is invested.

Third, high thresholds do not mean safety; the 500,000 yuan capital verification has instead become a trap for deceiving people.

A special task force has already been established in Shaoxing to investigate, but who can say whether the money can be recovered? This is all hard-earned money and retirement savings of ordinary people, and some people have lost their entire life savings.

Finally, to be honest, there is no absolute safety in financial management; just because there are no explosions now doesn’t mean there won’t be in the future! #加密市场观察