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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.
Last year, sales exceeded 600 billion yuan for the first time, but recently they have fallen into the whirlpool of public opinion because of the quality of fine decoration of rent.
It is reported that the owners of Vanke in Hangzhou responded to the media by purchasing their own houses. The propaganda in the e
arly stage was fine decoration and accommodation. As a result, all the jerry-built materials were simplified, especially the doors and floors were all made of paper.
In this regard, Vanke told the “Securities Daily” reporter that the relevant reports mentioned that “doors and floors are made of paper”, there
is a clear misunderstanding. The material mistaken for “cardboard” is actually “medium density fiberboard”. Medium density fibe
rboard is a kind of wood-based panels, which is widely used in indoor decoration and furniture industry at home and abroad. The products meet the industry standards (JG/T122-2000).
In fact, as early as 2012, it was reported that cardboard was used as cabinet and indoor door materials in the sixth phase of Vanke Fifth Garden
in Shenzhen, which sent 3000 yuan per square metre for fine decoration. As a result, a large area
of mildew appeared in the cabinet, wall paint falling off and other decoration and indoor air quality did not meet the standards.
In response to this, Vanke has announced that in the sixth phase of decoration of Shenzhen Fifth Garden, no part of the use of “cardboard”.
Vanke will be responsible for all the decoration quality problems found in the Fifth Garden, and will not hesitate to speak out and blame.
Vanke said that the use of cardboard as decoration materials is not technically feasible. At present, in the market decoration board, t
here is no one commonly known as “cardboard”. If customers or the public have any doubts, they can check with manufacturers, sell
ers, quality inspection agencies or experts in the paper industry, decoration and decoration materials industry.
“Medium density fiberboard, such as wood-based panel building materials, is not a small amount o
f application in the current housing decoration. The use of such materials is not necessarily to sa
ve costs, but more from the shape of home decoration products, application scenarios and other considerations. Some people in the industry said.
Vanke officials also said that the company’s high-end product line of residential, will al
so use MDF according to the situation, with this material can not simply be called “simple matching”.
On January 14, a psychiatric patient escaped from a psychiatric hospital in Yongzhou City, Hu
nan Province. Police said he suffered from schizophrenia and had a serious tendency to violence.
At about 1 noon on January 15, the psychiatric patient was prosecuted and sent back to Yongzhou Psychiatric Hospital for compulsory medical treatment.
On January 15, according to the Propaganda Department of the Lingling District Committee, Deng Xinliang, a compulsory psy
chiatric patient who escaped supervision in Yongzhou Psychiatric Hospital, was searched at about 1 noon.
(Male, 46 years old, Qiliqiao Town, Qiyang County) was prosecuted in Hengshan Servic
e Area of Beijing-Hong Kong-Macao Expressway and sent back to Yongzhou Psychiatric Hospital for compulsory medical treatment.
Earlier, the Lingling Branch of Yongzhou Public Security Bu
reau issued an emergency joint investigation notice on January 13, saying that it was about 16.45 p.m. on the 13th.
A psychiatric patient named Deng Xinliang escaped from the 6th floor of the first ward of
Yongzhou Psychiatric Hospital. He suffered from schizophrenia and had a serious tendency to violence.