(Beijing Comprehensive News) Three days after the announcement of a severe asset -proof group in China asset management giants, the Chinese police reported to investigate the wealth company of the "China Plant Department".

The Chaoyang Branch of the Beijing Public Security Bureau reported on the evening of Saturday (November 25) that the police recently investigated the investigation of the wealth company of the "China Planting Department" suspected of violations of the law and adopted criminal compulsory measures against many suspects such as XiemouEssence

Notification also urged investors to actively cooperate with the investigation and obtain evidence, and report the case through online, mailing and on -site reporting to protect their own rights and interests and recover losses.

The statement did not explain in detail what kind of criminal compulsory measures were taken, and no crimes that the suspect could commit it.However, Bloomberg reported that the legal terms appearing in the report and The founder of China Evergrande Xu Jiayin Similar expression used by officials when being investigated.

Zhongrong Trust, a subsidiary of Zhongzhi Group, paid nearly 100 million yuan (RMB, Same, Sim, ST $ 18.9 million) in August this year.One month later, Zhongrong Trust has not redeemed a total of 672 million yuan.

Trust companies such as

Zhongrong Trust have always been one of the sources of Chinese real estate developers acquired funds.Affected by the decline in China's real estate market, China ’s more than 20 trillion -scale trust industry has also been impacted.

Zhongzhi Group issued a letter of apology on Wednesday (November 22), saying that the group's debt was huge and was undergoing major continuous operating risks. At present, it has been seriously funded and faces a funds gap over 200 billion yuan.

The letter also mentioned that after the group founder died in 2021, a number of executives and core personnel successively dismissed or resigned, causing internal management to fail.The group has tried to save himself, but the results have not been expected.

Bloomberg analyzed that it is likely to be the wealthy class of China affected by China.Asset management companies such as Zhongzhi brought together family savings funds, and carried out loans and investment in the fields of real estate, stocks, bonds and commodities.

It is reported that although Chinese trust companies have reduced risks in recent years, "China -plant" companies such as Zhongrong Trust still financing real estate developers in trouble and purchased assets of companies such as Evergrande.