Caixin: Qian Fenglei and several companies under his name, including Hengfeng International, are suspected of publicly selling collective investment schemes in Hong Kong that have not been approved by the Hong Kong Securities and Futures Commission

ChainCatcher news, according to Caixin reports, is seen as a close friend of Jack Ma, Qian Fenglei, along with several companies under his actual control, including Hengfeng International, is suspected of publicly selling multiple collective investment schemes in Hong Kong that have not been recognized by the Hong Kong Securities and Futures Commission. Tens of thousands of people have suffered financial losses, and some individuals have reported to the public security authorities in mainland China, with victims hoping that the Hong Kong Securities and Futures Commission will take the initiative to investigate.

Caixin's investigation found that a large number of people from mainland China participated, with one sales group exceeding 120,000 people. According to previous reports, Cao Guowei, Cai Wensheng, Zeng Fanzhi, Shen Guojun, Yu Guoxiang, Lin Jiali, Wu Guangming, and others are also investors in the project.