1. Hazards caused by operational risks. Because the accounts of fund-raising stocks are mostly provided by fund-raising institutions, there is the possibility of gambling and virtual trading here. It is worth noting that some offline fund-raising institutions use manual monitoring, which may make it difficult to find the risks of investment accounts in time and close their positions. Investors may violate the restrictions on the holding ratio of a single stock and the trading of ST shares, resulting in excessive risk of funds in the account, which may make it difficult to pay the raised amount, interest and expenses. In addition, there are risks of misoperation of manual monitoring and liquidation, irrational risks of automatic liquidation of the system, etc.

2. Harm caused by systemic risks. It can be seen from Zhuanggu that most Zhuanggu are leveraged several times. Once there is a problem, its forced stop loss will often cause individual stocks to fall by dozens of points. For example, a stock in the above picture directly fell from 50 yuan to around 10 yuan. Under normal circumstances, there are restrictions on the stocks allocated, so it is possible that the stocks in the fund-raising account are the same as those of the banker, and then we will owe money to the fund-raising company.

3. The harm caused by legal risks, illegal fund allocation, was investigated and dealt with by the CSRC. Therefore, if we make capital allocation, we may face the risk that the capital allocation company will close down or run away, so that our principal will be completely lost.