Is Beijing Huarong Shunde Data Co., Ltd. a fraud?

Beijing Huarong Rong De Data Co., Ltd. is not a liar. Huarong Rong De is an industrial and commercial entity, not a licensed institution, but a major subsidiary of Huarong. Huarong Shunde Asset Management Co., Ltd. (hereinafter referred to as "Huarong Shunde") is a Sino-foreign joint venture asset management company jointly funded by China Huarong Asset Management Corporation (hereinafter referred to as "China Huarong"), Deutsche Bank and Hua Kai investment international financial institutions.