TechFlow news, July 19 — According to Caixin, Qian Fenglei, regarded as a close associate of Jack Ma, along with several companies under his actual control including Hengfeng International, are suspected of selling multiple collective investment schemes to the public in Hong Kong without authorization from the Securities and Futures Commission (SFC). Thousands have suffered financial losses, with some victims filing reports with mainland Chinese public security authorities. Affected parties are urging the SFC to proactively launch an investigation.
Caixin's investigation reveals that a large number of mainland Chinese individuals participated, with one sales group exceeding 120,000 members. Previous reports indicate investors in the project also include Charles Cao,蔡文胜, Zeng Fanzhi, Shen Guojun, Yu Guoxiang, Lin Jiali, and Wu Guangming.
