At present, the case is still under investigation. Investors can register online or bring relevant information to the local public security organ through the "Shanghai Information Registration Platform for Investors in Cases of Illegal Fund-raising by Economic Investigation". For those who borrow money, even if the P2P platform eventually closes down, they still need to pay back the money, otherwise they will go to personal credit reporting if the consequences are serious.
Up to now, according to official data, the funds involved in Huaxia Xincai are as high as 85 million yuan. Relevant information shows that Huaxia Xincai Equity Investment Management Co., Ltd. was established on June 5, 20 15, with its registered place at the 5th floor of Building No.888 1 Hua Xu Road, Xujing Town, Qingpu District, Shanghai, and its legal representative is Bing Lin with a registered capital of 1 100 million yuan.