It is understood that Bai Zhiming is the chairman of Huaying Group. 20 15, when Song Youzhou, the inventor of Batie, encountered financial problems, Bai Zhiming decisively bought out the Batie project, and was later called "the father of Batie".
It is understood that the Pakistani Railway project became popular after it was exposed in June last year, and its investor Huaying Kailai also received attention. But then, some media surveys found that the "Batie" project was a financial scam packaged by Huayingkai, an online financial P2P wealth management company.
It is reported that Huaying Gloria has raised "Batie" investment funds in many places across the country, claiming that the expected annualized rate is as high as 12%. After the scam was exposed, the investment and wealth management product triggered a redemption crisis, which has not been properly resolved so far.
It is understood that from 2065438 to August 2006, Huaying Kailai fell into a redemption crisis. In September, it promised to redeem the expired products within 3 months at the longest, but it was not completed as scheduled. In addition to paying the principal of 1% in cash, Huaying Gloria also provides investors with real estate payment and physical payment, and investors can choose whether to pay or not voluntarily.