Guanqun illegally absorbs public deposits.

No, either illegally absorbing public deposits or illegally raising funds. Guanqun is an offline creditor's rights transfer model. From the number of companies, it can be seen that 360 borrowing companies and 140 lending companies among the 500 companies in the management group have creditor's rights transfer relations in private lending. The law also allows private people to see the transfer relationship. It just means that your understanding of information is not comprehensive, and it is easy to misunderstand and there is no supervision. In terms of management, trust is not enough, but now the CBRC has determined that Crown Group, which supervises this industry, has also developed into the platform with the largest transaction volume in this industry, and it is even more impossible to illegally absorb public deposits. Otherwise, you think it's for some state institutions?