As of December 8, the trading scale of the 'Xiangyuan Series' products traded at the Zhejiang Gold Center has exceeded 10 billion yuan.
These amounts are voluntarily registered by investors and are based on incomplete information, and the numbers are still expanding. Several income rights products from the 'Xiangyuan Series' have defaulted consecutively, and these products are mainly traded at Zhejiang Financial Assets Trading Center Co., Ltd. (hereinafter referred to as 'Zhejiang Gold Center'). A self-proclaimed investor who invested 6 million yuan has invested in a total of 13 products at the Zhejiang Gold Center, with all guarantors coming from the 'Xiangyuan Series'. One of the products has overdue payments, named 'Financial Asset Income Rights (Wanjie Changxing)', which matured on December 1. According to the product prospectus, the listing trading institution is Changxing Wanjie Investment Partnership (Limited Partnership), and the credit enhancer is Xiangyuan Holdings Group Co., Ltd., Yu Faxiang. The underlying asset is 'the factoring financing debt rights with a principal amount of 50 million yuan under the commercial factoring contract numbered [BLWJCX2024002], which is held by the listing trading institution and assigned from a financing leasing company, along with the repayment/repurchase rights of the accounts receivable transferor.' According to the agreement, this product pays interest every 6 months
