Suspected of manipulating stock prices, the former chairman of Ding Yifeng was launched by the Hong Kong Securities and Futures Commission in legal proceedings, seeking compensation to investors!
Ding Yifeng, who is deeply involved in the "illegal fundraising" controversy, was recently named by the Hong Kong Securities and Futures Commission. On February 26, the Hong Kong Securities and Futures Commission issued a press release saying that it had initiated legal proceedings against the former chairman of Ding Yifeng and sought compensation from investors. The SFC said it had commenced legal proceedings in the Court of First Instance against Sui Guangyi, the former chairman and non-executive director of Ding Yifeng Holdings Group International***, and 20 other persons for allegedly manipulating the shares of Ding Yifeng between March 1, 2018 and September 14, 2018. At the beginning of this year, Ding Yifeng announced the transformation of digital options, triggering a plunge of nearly 33% in the share price of Hong Kong stock Ding Yifeng Holdings. Last year, the Shenzhen Local Financial Bureau issued several risk warnings about Ding Yifeng's "original equity" and "options" business. 
The Hong Kong Securities and Futures Commission (SFC) has commenced legal proceedings against the former chairman of Ding YifengThe company's share price soared in 2018On February 26, the Hong Kong ** and ** Affairs Supervisory Commission issued a press release sayingThe SFC has commenced proceedings in the Court of First Instance against Sui Guangyi, the former chairman and non-executive director of Ding Yifeng Holdings Group International***, and 20 other persons for allegedly manipulating the shares of Ding Yifeng between 1 March 2018 and 14 September 2018. The SFC has stated that it seeks a number of orders under section 213 of the ** and ** Ordinances to restore the affected counterparties to their pre-transaction positions and restrain the defendants from disposing of or otherwise dealing with any assets and/or property, and at the same time ensuring that there are sufficient assets to comply with the relevant restitution orders. It is understood that the SFC has earlier issued restraining notices to a total of 17 brokerage firms to freeze the assets of the defendants and prohibit the brokers from disposing of certain assets held in their client accounts in relation to suspected market manipulation activities involving the shares of Ding Yifeng without the prior written consent of the SFC. The SFC said the restriction notice remained in force. According to the data, Ding Yifeng Holdings (HK0612) is currently listed on the Main Board of the Hong Kong Stock Exchange. From the perspective of stock price trends, from March 1, 2018 to September 14, 2018, the share price of Ding Yifeng Holdings has seen a wave of sharp rises, with a range increase of as high as 8184%。However, as of February 26, 2024**, Ding Yifeng Holdings reported a close of 1HK$44 shares, with the latest market capitalization of HK$2.2 billion. 
According to press releases issued by the SFC on 20 March 2019 and 25 June 2019, the SFC issued restraining notices to more than a dozen brokerage firms to freeze client accounts related to alleged market manipulation activities of China Ding Yifeng shares. These brokerages include: Futu International (Hong Kong)**GF** (Hong Kong) Brokers***Guotai Junan** (Hong Kong)**Haitong International***Orient** (Hong Kong)**SBI China Financial Services*** Shenwan Hongyuan** (Hong Kong)**Sun Hung Kai Investment Services*** Yunfeng*** Zhongzhou International***CMB International***Henghua International***Kaisa***Tian Yuan Financial***Shengli***Yuexiu*** and Zhongtai International***
Ding Yifeng has a payment crisisShenzhen regulators have twice warned of risksAccording to the 2023 interim report disclosed by Ding Yifeng Holdings, the company's largest shareholder is Sui Guangyi, with a shareholding ratio of 2226%, of which 1268% is held through Hong Kong Ding Yifeng International Holding Group***. Sui Guangyi and Ma Xiaoqiu each hold 50% of the equity of Hong Kong Ding Yifeng International Holdings. According to the official website of Ding Yifeng, Hong Kong Ding Yifeng International Holding Group was established in January 2011 with a registered capital of 5HK$8.1 billion, with assets under management exceeding HK$100 billion. At present, the group holds and participates in Hong Kong main board listed companies such as Huayin International Holdings and Venture Group Holdings, as well as A-share listed companies such as ST Tianma. The official website also said that Ding Yifeng Group takes Sui Guangyi's original "Oriental Classical Philosophy Value Investment Theory System" as its core technology, and is driven by the industry of "finance + culture", and adopts capital operation methods such as acquisition, merger and asset restructuring to provide investors with professional financial services. Sui Guangyi is the founder of the value investment theory system of classical oriental philosophy, "integrating the research experience and background of business, politics and Chinese studies", and the original "Zen and I-Ching Investment Method". 
At the beginning of this year, there were a number of ** reports that Ding Yifeng had a cash crisis, and waves of investors rushed to Ding Yifeng's Shenzhen office from all over the country to ask for an explanation and ask when the company would be able to redeem the mature wealth management products. According to ** reports, Ding Yifeng is currently facing a debt gap of more than 130 billion yuan, and the registered investors are about 500,000. It is worth noting that on January 16 this year, the share price of Ding Yifeng Holdings was once nearly 33%. At that time, a screenshot of Ding Yifeng's internal "Global Investor Major Positive Notice" document was circulated on the Internet, which said that Ding Yifeng International Asset Management Group officially applied for listing on the international digital asset exchange and would issue equivalent "digital options" for global trading. Therefore, all investors will be closed for 8 months from January 10, 2024 and will not be able to exit; At the same time, all listed investors will sign a guaranteed asset management contract, and the guaranteed asset appreciation will be 20 times for 10 years. Recently, another "major positive notice" of Ding Yifeng said that in order to achieve the goal of 100% translational conversion and listing, the board of directors has put forward five decisions, including: all contracts invested by all investors in Ding Yifeng can be converted into digital options for listing; Only by choosing to go public can we finally achieve wealth appreciation and safe exit, and realize the inheritance of family wealth; The Group will establish an international special project after September 2024 to solve the problem of investors' urgent need for cash flow for special funds; Before June 1, the original** will be converted into 1 USD digital option, and the digital option** will be adjusted upwards after this date; Wait a minute. Last year, the relevant local regulatory authorities in Shenzhen twice named Ding Yifeng as a possible risk of illegal fundraising. In February 2023, the Shenzhen Municipal Office for the Prevention and Disposal of Illegal Fundraising issued a document stating that after preliminary verification, there are many entities associated with "Ding Yifeng", and they are distributed all over the country, and the business entities in Shenzhen do not hold financial licenses and do not have the qualifications to engage in financial business. According to public information on the Internet, in March 2019, Hong Kong-listed China Ding Yifeng (HK00612, which has been renamed as "China Investment ** Company"), has been ordered to suspend trading by the Hong Kong Stock Exchange, and the Hong Kong Securities and Futures Commission has launched an investigation into it. At the same time, there are many negative news on the Internet such as "metaphysical investment", "stock price manipulation", "illegal fundraising", "circle money"* and so on. 
In November 2023, the Shenzhen Municipal Office for the Prevention and Disposal of Illegal Fundraising issued another document stating that it had received feedback from the masses that the related entities of "Ding Yifeng", including "Yuanfeng", "Yuanhui", "Yuanheng", "Wanding", "Tianding", "Jiading", "Huayin" and other branches, promoted industrial concepts such as "peptides" and "light wave magnetoelectricity" through online and offline activities such as tea parties, evening parties, reading clubs, and listing conferences, and attracted investors to subscribe for the "original equity" of "Ding Yifeng" related entities through "Zen Investment Law" or " options", there is a risk of illegal fundraising. At present, there have been "rebate extensions", "contracts that have not been refunded when they expire", and "difficult to pay" in related investment activities. Once again, I would like to remind the general public as follows: "Ding Yifeng" does not hold a financial license and does not have the qualifications to engage in financial business. The general public is requested to enhance their awareness of risks, carefully choose investment and wealth management channels, do not participate in various financial product publicity gatherings held by entities that do not have financial qualifications, remain vigilant against investment projects such as high yields, original equity, and options, and do not fall into the trap of illegal fundraising. 
Editor: Captain Review: Xu Wen.