Vibrating Market: Billions-Level Platform Suddenly Faces Redemption Crisis, Provincial Background Institutions Involved Draw Attention
Recently, the Zhejiang Provincial Financial Asset Trading Center was reported to be in a liquidity crisis, involving a capital scale of billions, and investors' withdrawal requests are generally restricted, attracting high attention from both inside and outside the industry.
Even more worrying is that multiple products defaulting this time are closely related to Xiangyuan Holdings and its actual controller Yu Faxiang. These related products were previously issued to investors on the platform with an expected return rate of 4% to 5%, and most underlying assets correspond to real estate cooperation projects under Xiangyuan Holdings, which are now facing difficulties in principal and interest redemption.
It is understood that even some products that are not directly linked to Xiangyuan assets or guaranteed have also encountered withdrawal difficulties. This phenomenon has raised questions in the market: does the Zhejiang Financial Center operate with mixed funding pools in practice and fail to strictly implement account isolation?
Currently, some investors have launched emergency communication and rights protection actions, and the progress of the situation is being closely monitored by various parties. This incident has once again sounded the alarm for compliance management and risk isolation of various local financial asset trading platforms.
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