"The boss of a wealth management company on Zhongshan Road ran away, and now there are many old people with deposits at the door."
On the afternoon of September 1 1, a citizen broke the news that a Fenghuitong wealth management company on Zhongshan Road in Wuxi was seized by the police!
As I said before, the credit of China people has collapsed. I really don't know what some so-called wealth management companies take as corporate credit besides bluffing.
The so-called wealth management companies in China are all liars. Ordinary people should never risk losing their hard-earned money accumulated over the years and transfer it to such unreliable and untrustworthy financial management companies for so-called financial management. What P2P financial management industries are not subject to any supervision on the market now? What does an irregular financial management company take as a corporate credit guarantee besides bluffing? Don't tell me about industry self-discipline! Countless wealth management companies running away is the biggest slap in the face of industry self-discipline! Those wealth management companies have become so arrogant that people's property has no financial channels except for them. In fact, this is just a short position for wealth management companies to cheat money. In short, for the safety of funds, people must not invest their money in so-called wealth management companies that are not discussed in Deception! Because any individual or group that does not have a financial license issued by a national financial institution and is not included in the supervision of the CBRC is illegal fund-raising!
At present, the capital chain of various industries in Chinese mainland is broken and the liquidity is tight. So now many third-party wealth management companies such as P2P are making money and running away. Wealth management companies frequently run away while expanding, which shows that wealth management companies such as P2P have sinister intentions and just want to make money and run away.
The reason why the authorities turn a blind eye is that private lending and investment can increase liquidity, dissolve local debts, make local debts pay for the people and pass the crisis on to the people. The authorities think it is profitable, so they condone the existence of such financial fraud companies, but I won't be fooled, so I never do financial management for China financial management companies. I only exchange dollars, because there is national credit behind the currency.