Recently, the Chaoyang Branch of the Beijing Municipal Public Security Bureau filed a case for investigation of the suspected illegal crimes of the wealth company belonging to the "Zhongzhi Department" in accordance with the law, and took criminal coercive measures against Xie Moumou and other criminal suspects.
Zhongzhi Group issued an apology statement, admitting that the company is currently in a serious state of insolvency, with a debt scale of about 420 billion to 460 billion yuan, while its total assets on its books are only 200 billion yuan.
The news caused an uproar in the Chinese business community and was considered another "bigger thunder" after Evergrande.
Zhongzhi Group's insolvency problem is not only an isolated case, but also reflects some deep-seated problems existing in China's corporate circles, such as overexpansion, highly leveraged operations, and imbalance in the asset-liability structure.
Zhongzhi Group, the largest private financial institution in China, once managed more than 3 trillion wealth management products.
These wealth management companies, if they don't come to a dead end, generally won't easily arrest people. Only if there is really no money to pay back, the public security will arrest people.
More than 200 billion!And all this is definitely just the tip of the iceberg, because the entire Zhongzhi system is not only one Zhongzhi Group, but also many companies and many businesses.
Who is the founder of the planting system?
Straight Kun Xie. The Rise of Zhongzhi Group: From Printing Factory Worker to Financial Predator.
Xie Zhikun, formerly known as Xie Zhikun, was born in Yichun City, Heilongjiang Province in 1961.
His upbringing can be described as a legend. In the 80s, he was just a worker in a printing factory, and later, because of his outstanding ability, he was appointed director and contracted the operation of the printing factory.
He relied on the lumber storage factory to resell red pine, made a fortune, and established Zhongzhi Group.
His elder brother Xie Zhichun used to be the president of Everbright and the general manager of Huijin Company.
With the help of his brother's relationship, Xie began to get involved in the financial field, and successively established financial institutions such as Zhongrong Trust, Zhongrong **, Hengqin Life Insurance, etc., and also controlled or participated in wealth management companies such as Hengtian Wealth, Xinhu Wealth, Datang Wealth, and Gaosheng Wealth.
His financial territory continues to expand, and his wealth continues to grow, once ranking 241st on the Hurun Report with a net worth of 26 billion.
He also married the famous singer Mao Amin, gave birth to two children, and lived a happy life.
His life seems to be a successful model and a microcosm of the Chinese dream.
According to public information, Xie Zhikun, formerly known as Xie Zhikun, was the chief executive officer of Zhongzhi Enterprise Group, and also served as a trustee of Peking University, Fudan University and Nankai University.
As the largest private financial institution in China, Zhongzhi Group seems to be super wealthy, and was once called "China's version of Blackstone" by industry insiders.
The management fund exceeded one trillion!There are as many as 56 listed companies that directly or indirectly hold shares!The total size of funds under management is as high as 37 trillion.
It is rumored that Wang Feng and Zhang Ziyi divorced because Wang Feng took Zhang Ziyi's money to invest in the trust of the Zhongzhi system, and the Zhongzhi system thundered, making Zhang Ziyi lose nine figures.
Most of the wealth management products of the planting system are real estate projects. When the real estate can't go on, Zhongzhi can only rely on borrowing the new to repay the old, engage in Ponzi **, and maintain the operation of funds by demolishing the east wall and making up the west wall.
In this way, they used the next person's funds to make up for the previous person's income, beat the drum and pass the flowers, and even used the routine of killing relatives and killing familiarity to trap waves of greedy and ignorant people.
It is only a matter of time before it collapses, and all the money will go down the drain.
According to the news circulating on the Internet, the number of victims of more than 3 million thunderstorms in the middle finger system reached 150,000 households, of which the largest victim invested as much as 5 billion yuan alone.
The reason why there has been a lot of exposure over the years is that there is a lot of money, stupidity, and greed.
*: Comprehensive network news.