[capital flow of cedar trust evergreen series products aroused concern] April 11PixelsarcadeIt is reported that the Changqing supply chain products and Changying No. 83 products of Cedar International Trust Co., Ltd. (referred to as "Cedar Trust") flow to Cedar holding Group Co., Ltd. (referred to as "Cedar Group"). Changqing supply chain series products and Changying No. 83 products are suspected to be involved in self-financing behavior, and the relevant responsible subjects may face charges of betraying the use of fiduciary property, and the final judgment needs to wait for the decision of the judicial organ.
As the core "supply chain finance" product of cedar trust, Changqing series products have issued 42 trust plans continuously, with a cumulative issuance scale of 119.Pixelsarcade.1.8 billion yuan. All the funds raised are used to purchase a series of claims on accounts receivable held by Wenjin Shixin Commercial factoring (Tianjin) Co., Ltd. (referred to as "Wenxin factoring").
Investors need to pay close attention to the progress of this situation and follow the results of legal decisions in order to understand the potential risks. At the same time, financial institutions should strengthen internal supervision and risk prevention to ensure that the interests of investors are not harmed. Hexun self-selected Stock Writer risk Tip: the above content is only the views of the author or guest, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products according to their own circumstances and consult professional investment advisers if necessary. Hexun tries its best but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun does not make any guarantee or commitment.