Zhongxin Fortune, known as the "leading P2P guaranteed financial institution", is mainly engaged in the emerging P2P online lending business. According to Zhongxin Fortune, its business does not absorb deposits or lend money, and it mainly serves as an intermediary platform to engage in the transfer of creditor's rights and debts of zero down payment natural person car loans. Because each investor's contract has the ID card information and loan details of the natural person, investors feel that the risk is scattered and the loan destination is clear, so they are often careless and think that the risk is small.
At the same time, Sino-Singapore Fortune claims that the final creditor's rights and debts should be borne by Juntai Financing Guarantee Co., Ltd., claiming that Juntai, as a financing guarantee company, has hundreds of millions of yuan in the bank, which makes it easy for many investors to put their hard-earned money into Sino-Singapore Wealth for financial management.
It is understood that since May 20 15, Sino-Singapore Fortune has been in a situation of tight funds and difficult repayment. Since June, it has become an ironclad fact that the payment of due creditor's rights has stopped. Most investors receive the documents issued by Juntai Financing Guarantee to fulfill their guarantee obligations within 30 working days. However, after the actual expiration of 30 working days, Juntai guarantee refused to fulfill its guarantee obligations to investors on the grounds of capital chain problems.
According to a well-informed source close to its management, Juntai's guarantee funds may be affected by the bad real estate projects it guarantees to borrow, and the huge amount of funds cannot be recovered, leading to the break of the capital chain. According to relevant sources, the funds of Zhongxin and Juntai were cheated and invested in the Yifu Jiayuan project in Tuoketuo County, Hohhot, but the project has not been delivered yet, and the delivery time has been delayed again and again, facing the risk of unfinished business. According to the network information, the residential sales price of this project has dropped from 2,500 yuan/m 2, and the second-hand housing transaction even has a low price of 65,438 yuan +0.700 yuan/m 2, plus the overall real estate market is sluggish in recent years. The mortgaged assets located in Tuoketuo County, Hohhot City are difficult to realize, which leads to the inability of Zhongxin and Juntai to obtain enough cash flow to pay their investment income and even their investment principal.
According to relevant news, Zhongxin Fortune has not yet given an early warning to the wealth management products it sells, and wealth management investment products are still being sold despite knowing that they cannot be redeemed. According to insiders, Sino-Singapore and Juntai guarantee to postpone or not pay wages temporarily, and their employees have staged large-scale strikes and demonstrations, and the risk index of "running the road" has surged.
A list shows that as of July 3 1 day, the due principal of Chengdu branch of Sino-Singapore Hayes Investment Management Co., Ltd. has reached more than 48 million yuan, and with the Beijing-Shanghai-Qingdao branch all over the country, it can be expected that its due payment pressure has exceeded 100 million yuan. According to the sales data of Zhongxin in 20 14, the sales peak of its wealth management products is at 5438+00 in September and June, and the amount of payment due is huge. Judging from the current capital situation of Zhongxin, the payment situation is worrying.
From the so-called leading P2P online lending company to the current dilemma, the whereabouts of Zhongxin's funds is a mystery. Whether it involves illegal operation or the risk control mechanism is not strict, resulting in the funding problem temporarily unable to verify. Many unpaid investors have reported to the police, demanding that China and Singapore freeze assets to reduce investment losses. It remains to be seen how the situation will develop further, how the rights and interests of investors will be protected, and how the publicity slogan of "He who wins the trust will win the world" will be fulfilled!