From 2009 to 2021, Zhou Shiping, chairman of Hongling Venture Capital E-commerce Co., Ltd., illegally absorbed about 109 billion yuan of public deposits from more than 480,000 people through the issuance of financing targets on the online platform of Hongling Venture Capital.
On December 7, the Shenzhen Intermediate People's Court publicly pronounced the verdict in the first instance of Zhou Shiping's illegal fundraising case: the defendant Zhou Shiping was sentenced to life imprisonment, and the remaining 17 defendants were sentenced to fixed-term imprisonment of 11 to 2 years and 6 months, and fined.
More than 480,000 people have been involved
According to the information disclosed by the Shenzhen Intermediate People's Court, the defendant Zhou Shiping committed the crimes of fund-raising fraud and illegally absorbing public deposits, and was sentenced to life imprisonmentThe remaining 17 defendants were sentenced to fixed-term imprisonment ranging from 11 years to 2 years and 6 months and fined.
From 2009 to 2021, Zhou Shiping illegally absorbed about 109 billion yuan of public deposits from more than 480,000 people through the issuance of financing targets on the online platform of Hongling Venture Capital. Zhou Shiping used his identity as the actual controller of "Investment Treasure" and "Hongling Capital Offline Wealth Management" to wantonly use illegal fund-raising funds to raise funds and defraud more than 20.4 billion yuan.
It is understood that the above two actual control entities were previously Zhou Shiping's P2P (peer-to-peer network lending) platform, and the outbreak of risk events in Hongling Venture Capital also came from this. As early as 2019, Zhou Shiping released "Although it is liquidation, it is not goodbye!" on the company's official **post. According to the content of the post, Hongling Venture Capital liquidated the platform's online debt assets at the end of December 2021, and the unexpired part of the debt was fully acquired by Hongling Holdings.
At that time, there were endless thunderstorms related to P2P, but the incident of Hongling Venture Capital can be described as a "self-explosion" by the actual controller, followed by one after another to defend rights. According to the content disclosed at the time, the original large single assets of Hongling Venture Capital are non-compliant assets, which are realized through auction, mergers and acquisitions and other means, and the time is now ripe for disposal, and it is expected to be recovered in batches within 3 years.
According to the latest mutual fund regulatory policy, the liquidation of net worth is nearing completion, and the scale of the platform's stock assets and the number of investors will be required to be reduced.
Zhou Shiping said in a post published in 2019 that in fact, in 2017, it had already been liquidated, and the liquidation of Hongling was greatly reported at that time. In consideration of the stability of the industry, the regulator later changed it to compliance filing. However, in the past two years, with the changes in the industry situation and the opinions of the regulators, Hongling Venture Capital has recently officially proposed a liquidation schedule. ”
Previously, 58 redemptions had been made
At present, the content of the official ** of Hongling Venture Capital is limited to content updates, and the registration and access rights of new users have been suspended. In the most prominent position, it still retains the investment vision of P2P high yield in the industry at that time: "the expected annualized return is 8% 12%, and the minimum investment is 50 yuan".
More than 4 years have passed since the beginning of the liquidation and redemption. According to the latest disclosure, the platform has made 58 redemptions, and the 58th redemption ended on September 22, 2021, with a cumulative redemption of 270436 million yuan. Among them, 37.78 million yuan was paid in small amounts, 9.45 million yuan was paid in extreme poverty, and the remaining 1567691 million yuan was to be redeemed.
As early as 2021, the Futian Branch of the Shenzhen Municipal Public Security Bureau began to seize a batch of real estate in Jiangsu, Guangdong, Hunan and other provinces and cities, and froze the equity of affiliated companies, a number of bank accounts and affiliated listed companies**.
It is understood that Zhou Shiping was the chairman of Shennan Jinke Co., Ltd., and the company has been delisted. In the nearly 15 years since the operation of the Hongling Venture Capital platform, more than 2.74 million people have lent on the platform, with a cumulative amount of 452.8 billion yuan and a total of 12.34 million transactions.
According to the official disclosure, from the perspective of the geographical distribution of the loan amount, Jiangsu, Hubei, and Shandong are in the top;The geographical distribution of borrowing amounts shows that Jiangsu, Guangdong and Hubei are among the top. **Previously, it has also been reminded and urged that a number of shareholders, executives and employees of the company have returned their illegal gains, and a number of relevant borrowers have returned the principal and interest of the loans.
At the same time, it has also repeatedly urged relevant units and personnel to take the initiative to return the advertising fees, fees, commissions, commissions and other income obtained from Hongling Venture Capital E-commerce Co., Ltd., Shenzhen Qianhai Xinpai Financial Information Service, Hongling Capital Management (Beijing), and the relevant cooperative institutions and borrowers shall fulfill their repayment obligations in accordance with the law and repay the principal and interest of the loan in a timely manner.
National Business Daily.