Skip to content
On the morning of January 16, 2019, the First Intermediate People’s Court of Shanghai publicly s
entenced 15 defendants, including Shanghai Quick Deer Investment (Group) Co., Ltd., Shanghai Changning Donghongqiao Small Loan Co.,
Ltd., Shanghai Donghongqiao Financing Guarantee Co., Ltd. and defendants, Huang Jiaqian, Wei Yanping, Zhou Mengmeng, Xu Qi (American nati
nality), to collect funds fraudulently and illegally absorb public deposits. In a series of cases, the Fast Deer Group, Donghongqiao Small Credit Company and Do
nghongqiao Guarantee Company were fined RMB 1.5 billion, 200 million and 200 million yuan respectively for fund-raising fraud; Huang Jiaqian and Wei Yanping were sentenced to life imprisonment and
fine for fund-raising fraud and illegal absorption of public deposits; Xu Qi was also sentenced to 13 years’imprisonment for fund-raising fraud and illegal a
bsorption of public deposits. Fines; the remaining 12 defendants, such as Zhou Mengmeng, were sentenced to 15 to 9 years’imprisonment and fines for the crime of fund-raising fraud.
From September 2013 to August 2015, Shi Jianxiang (another case) set up a fast deer group with
the core of personal control and unified management of Donghongqiao Small Credit Company, Donghongqiao G
uarantee Company, Jinlu Family, Tianjin Family and China Sea Investment Family to implement illegal fund-raising activities.
From March 2014 to April 2016, Shi Jianxiang ordered Donghongqiao Small Credit Company to provide false creditor’s rights, Donghongqiao Guarantee Com
pany to match false guarantee letters, and then packaged into various financial products by Jinlu Financing Platform, together with fund products issued
by CITIC Financing Platform without approval of relevant departments, to hold promotion meetings and send leaflets. And Internet advertising, ran
dom phone calls, hosting or sponsoring performances through stores, the Internet and other channels to publicize and sell to the public, thus raising a total
of 43.4 billion yuan illegally. All the above illegal fund-raising proceeds were transferred to the bank accounts actually controlled by Shi Jianxiang and
Quick Deer Group. Except for over 28.2 billion yuan, which was used to pay the principal and interest of investors in the earlier period, the remaining fund
s were used to pay operating expenses, equity acquisition and film and television investment, transfer to overseas and purchase vehicles, and pe
rsonal profligacy and embezzlement. By the time the case was committed, the actual economic losses in the case amounted to more than 15.2 billion yuan.
According to the First Shanghai Intermediate Court of Justice, the three defendant units and 15 persons directly in charge, such as Huang Jiaqian, and other persons
directly responsible, have used fraudulent methods to raise funds illegally for the purpose of illegal possession, and their acts have all constituted the
crime of fund-raising fraud, and the amount is especially huge. Xu Qi, the defendant, also violated the relevant state regulations by illegally absorbing pub
lic deposits and disrupting the financial order. His actions constitute the crime of illegally absorbing public deposits, and the amount is huge. The illegal fund-ra
ising activities of the above-mentioned defendant units and defendants caused huge economic losses to nearly 40,
000 victims, seriously undermined the national financial order and seriously endangered the national financial security. In light of the facts, nature, circu
mstances and degree of social harm of the case, the above-mentioned judgment was made in accordance with the law.
Zhang Zixuan’s live broadcasting was scolded for encountering cyber violence. What happened to Zhang Zixuan’s live broadcasting being scolded? On January 14,
Zhang Zixuan opens live broadcasting and interacts with netizens. Zhang Zixuan calls Husband Chen Hehong sweetly in the live
broadcasting room, showing high-profile love and kindness. During the live broadcasting, netizens were constantly online.
The message abused Zhang Zixuan as “Junior Three”, while Chen Hebu did not.
Voice, just keep brushing gifts. When Zhang Zixuan saw the message, he seldom responded with a bold voice: “These are not true.”
When Zhang Zixuan broadcast live, she said that her marriage with Chen He was not the same as that of the outside world. She said, “I am used to it now, about very much.
Multimedia violence, that’s not true. But I’ve seen it quite well.” During that time, she was also asked why these abusers could last forever.
Keeping excited, Zhang Zixuan responded, “They are also very tired. Maybe this is a way for them to vent their anger. It’s not easy for them either.”