According to Caixin's report, ChainCatcher learned that Qian Fenglei, considered a friend of Jack Ma, and multiple companies under his control, such as Hengfeng International, are suspected of selling multiple collective investment schemes to the public in Hong Kong without approval from the Hong Kong Securities and Futures Commission. Over ten thousand people have suffered financial losses, with some individuals filing police reports in mainland China, and victims hope the Hong Kong Securities and Futures Commission will proactively investigate.
Caixin's investigation found that a large number of mainland Chinese people participated, with one sales group exceeding 120,000 people. According to previous reports, Cao Guowei, Cai Wensheng, Zeng Fanchi, Li Lin, Shen Guojun, Yu Guoxiang, Lam Ka-lai, and Wu Guangming are also investors in this project.
